Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 83,200 shares, a growth of 62.5% from the October 31st total of 51,200 shares. Based on an average daily volume of 188,700 shares, the days-to-cover ratio is presently 0.4 days.

Fortescue Trading Up 1.8 %

Fortescue stock traded up $0.44 during trading hours on Friday, reaching $24.68. 35,878 shares of the company’s stock traded hands, compared to its average volume of 93,480. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67. Fortescue has a fifty-two week low of $21.11 and a fifty-two week high of $39.76. The firm’s 50 day moving average is $25.48 and its 200-day moving average is $27.07.

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.