Fortescue Ltd (OTCMKTS:FSUGY) Sees Large Growth in Short Interest

Fortescue Ltd (OTCMKTS:FSUGY) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 89,900 shares, a growth of 48.6% from the November 30th total of 60,500 shares. Based on an average trading volume of 202,900 shares, the days-to-cover ratio is presently 0.4 days.

Fortescue Trading Down 0.2 %

OTCMKTS:FSUGY traded down $0.04 on Monday, reaching $22.96. 100,023 shares of the company’s stock were exchanged, compared to its average volume of 74,134. The stock has a fifty day simple moving average of $24.46 and a 200-day simple moving average of $25.66. Fortescue has a 52 week low of $21.11 and a 52 week high of $39.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.67 and a quick ratio of 2.10.

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.