Short Interest in Glencore plc (OTCMKTS:GLCNF) Expands By 24.5%

Glencore plc (OTCMKTS:GLCNF) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 4,080,800 shares, an increase of 24.5% from the March 31st total of 3,276,500 shares. Based on an average daily volume of 176,000 shares, the short-interest ratio is presently 23.2 days.

Glencore Price Performance

GLCNF stock traded down $0.02 during midday trading on Tuesday, hitting $5.90. The stock had a trading volume of 316 shares, compared to its average volume of 90,092. The business has a 50-day moving average of $5.45 and a two-hundred day moving average of $5.49. Glencore has a 52-week low of $4.66 and a 52-week high of $6.25.

Glencore Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.065 per share. The ex-dividend date is Wednesday, May 1st. Glencore’s dividend payout ratio is 58.52%.

About Glencore

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, lead, nickel, zinc, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution.