Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 89,900 shares, a growth of 48.6% from the November 30th total of 60,500 shares. Based on an average daily trading volume, of 202,900 shares, the days-to-cover ratio is presently 0.4 days.

Fortescue Stock Performance

Fortescue stock traded down $0.04 during midday trading on Monday, reaching $22.96. The company’s stock had a trading volume of 100,023 shares, compared to its average volume of 74,134. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67. The business has a 50-day moving average price of $24.46 and a 200-day moving average price of $25.66. Fortescue has a 52 week low of $21.11 and a 52 week high of $39.76.

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.