Glencore plc (OTCMKTS:GLCNF) Sees Significant Drop in Short Interest

Glencore plc (OTCMKTS:GLCNF) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 2,710,000 shares, a drop of 11.8% from the July 31st total of 3,073,400 shares. Based on an average daily trading volume, of 117,500 shares, the days-to-cover ratio is currently 23.1 days.

Glencore Stock Down 1.5 %

Glencore stock opened at $5.26 on Tuesday. Glencore has a 52 week low of $4.66 and a 52 week high of $6.40. The company has a 50 day moving average price of $5.58 and a 200 day moving average price of $5.63.

Glencore Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, August 30th will be issued a $0.065 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a dividend yield of 1.22%. Glencore’s payout ratio is currently 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.