Fortescue Ltd (OTCMKTS:FSUGY) Sees Significant Decrease in Short Interest

Fortescue Ltd (OTCMKTS:FSUGY) saw a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 60,500 shares, a decrease of 27.3% from the November 15th total of 83,200 shares. Based on an average daily volume of 190,000 shares, the days-to-cover ratio is currently 0.3 days.

Fortescue Trading Down 3.6 %

Shares of FSUGY traded down $0.93 during mid-day trading on Friday, reaching $24.54. The company had a trading volume of 149,601 shares, compared to its average volume of 71,455. The stock has a 50 day moving average of $25.23 and a two-hundred day moving average of $26.49. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. Fortescue has a 52-week low of $21.11 and a 52-week high of $39.76.

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.