Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 51,200 shares, a growth of 126.5% from the October 15th total of 22,600 shares. Based on an average daily trading volume, of 154,400 shares, the days-to-cover ratio is presently 0.3 days.

Fortescue Price Performance

FSUGY traded down $0.18 on Friday, hitting $23.05. The company’s stock had a trading volume of 118,556 shares, compared to its average volume of 69,060. The company’s 50 day simple moving average is $25.29 and its 200-day simple moving average is $27.94. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. Fortescue has a 12 month low of $21.11 and a 12 month high of $39.76.

Fortescue Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 9th were issued a dividend of $1.1851 per share. The ex-dividend date of this dividend was Monday, September 9th.

About Fortescue

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.