Short Interest in Glencore plc (OTCMKTS:GLCNF) Declines By 11.8%

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

Glencore Stock Down 1.5 %

GLCNF stock traded down $0.08 during midday trading on Friday, hitting $5.26. 8,418 shares of the stock traded hands, compared to its average volume of 60,269. Glencore has a 1-year low of $4.66 and a 1-year high of $6.40. The stock’s fifty day simple moving average is $5.58 and its 200-day simple moving average is $5.63.

Glencore Announces Dividend

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