Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 31,900 shares, a decrease of 67.6% from the September 15th total of 98,500 shares. Based on an average trading volume of 226,200 shares, the short-interest ratio is currently 0.1 days.
Fortescue Price Performance
Shares of Fortescue stock traded down $0.11 during trading on Friday, hitting $26.55. 40,968 shares of the company’s stock traded hands, compared to its average volume of 67,213. The company has a current ratio of 2.67, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. Fortescue has a 1 year low of $21.11 and a 1 year high of $39.76. The business has a 50-day simple moving average of $24.59 and a 200-day simple moving average of $29.17.
Fortescue Cuts Dividend
The company also recently announced a dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 9th were given a $1.1851 dividend. The ex-dividend date was Monday, September 9th.
Fortescue Company Profile
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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.
Featured Stories
- Five stocks we like better than Fortescue
- Airline Stocks – Top Airline Stocks to Buy Now
- 3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- China’s EV Rally: Should Investors Chase, Avoid, or Buy the Dip?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- MarketBeat Week in Review – 10/7 – 10/11
Receive News & Ratings for Fortescue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortescue and related companies with MarketBeat.com's FREE daily email newsletter.