Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the target of a significant decrease in short interest in the month of 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 volume of 285,500 shares, the short-interest ratio is presently 0.1 days.

Fortescue Stock Up 1.9 %

Shares of FSUGY stock traded up $0.42 on Tuesday, hitting $22.84. 237,027 shares of the stock were exchanged, compared to its average volume of 165,355. Fortescue has a one year low of $21.11 and a one year high of $39.32. The firm’s 50 day moving average is $23.68 and its two-hundred day moving average is $25.07. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27.

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.