Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Rises By 126.5%

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 51,200 shares, an increase of 126.5% from the October 15th total of 22,600 shares. Based on an average trading volume of 154,400 shares, the short-interest ratio is presently 0.3 days.

Fortescue Stock Down 0.8 %

OTCMKTS:FSUGY traded down $0.18 during midday trading on Friday, hitting $23.05. The company had a trading volume of 118,556 shares, compared to its average volume of 69,060. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average price is $25.29 and its 200-day moving average price is $27.94. Fortescue has a 52-week low of $21.11 and a 52-week high of $39.76.

Fortescue Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 9th were issued a $1.1851 dividend. The ex-dividend date of this dividend was Monday, September 9th.

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.