Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Down 68.0% in December

Fortescue Ltd (OTCMKTS:FSUGY) was the target of a significant decrease in short interest in December. As of December 31st, there was short interest totalling 28,800 shares, a decrease of 68.0% from the December 15th total of 89,900 shares. Based on an average daily trading volume, of 285,500 shares, the days-to-cover ratio is currently 0.1 days.

Fortescue Stock Performance

Shares of FSUGY traded up $0.49 during mid-day trading on Monday, reaching $22.42. The company’s stock had a trading volume of 125,159 shares, compared to its average volume of 155,580. 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 52 week low of $21.11 and a 52 week high of $39.32. The company’s fifty day moving average price is $23.73 and its two-hundred day moving average price is $25.11.

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.