Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Down 98.3% in June

Fortescue Ltd (OTCMKTS:FSUGY) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 200 shares, a decrease of 98.3% from the June 15th total of 11,900 shares. Based on an average daily volume of 128,400 shares, the days-to-cover ratio is presently 0.0 days.

Fortescue Price Performance

FSUGY traded up $0.22 during midday trading on Thursday, reaching $29.57. The company’s stock had a trading volume of 54,991 shares, compared to its average volume of 40,521. The stock’s 50-day moving average is $32.16 and its 200-day moving average is $34.15. Fortescue has a 1 year low of $24.50 and a 1 year high of $39.76.

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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.