Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) Sees Large Increase in Short Interest

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 109,331 shares, an increase of 181.5% from the November 30th total of 38,844 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 63,002 shares, the short-interest ratio is currently 1.7 days. Based on an average daily trading volume, of 63,002 shares, the short-interest ratio is currently 1.7 days. Currently, 0.0% of the company’s stock are sold short.

Fortescue Price Performance

Shares of FSUGY traded up $0.09 on Friday, reaching $29.97. 3,067 shares of the company’s stock traded hands, compared to its average volume of 99,607. The stock’s 50 day simple moving average is $27.84 and its two-hundred day simple moving average is $25.04. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.84 and a current ratio of 2.43. Fortescue has a 52-week low of $16.41 and a 52-week high of $30.69.

Fortescue Company Profile

Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.

Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.