Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGYGet 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

(Get Free Report)

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.

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