Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) saw 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 volume of 285,500 shares, the days-to-cover ratio is currently 0.1 days.

Fortescue Price Performance

Shares of Fortescue stock traded up $0.04 during trading on Wednesday, hitting $23.48. The company’s stock had a trading volume of 102,008 shares, compared to its average volume of 111,937. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67. The stock has a 50-day moving average price of $23.64 and a two-hundred day moving average price of $24.66. Fortescue has a 52 week low of $21.11 and a 52 week high of $39.32.

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.