Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a significant decline in short interest during the month of January. As of January 15th, there was short interest totalling 28,800 shares, a decline of 68.0% from the December 31st 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 Trading Up 0.2 %

Shares of OTCMKTS FSUGY traded up $0.04 during midday trading on Wednesday, reaching $23.48. 102,008 shares of the company were exchanged, compared to its average volume of 111,937. The stock’s 50-day moving average price is $23.64 and its 200-day moving average price is $24.66. Fortescue has a one year low of $21.11 and a one year high of $39.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67.

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 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.