Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totalling 31,900 shares, a decrease of 67.6% from the September 15th total of 98,500 shares. Based on an average daily volume of 226,200 shares, the short-interest ratio is currently 0.1 days.

Fortescue Price Performance

Fortescue stock traded up $1.11 during trading on Thursday, reaching $26.66. The company had a trading volume of 63,233 shares, compared to its average volume of 67,347. The firm’s 50-day simple moving average is $24.50 and its 200 day simple moving average is $29.23. 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 Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 9th were paid a $1.1851 dividend. The ex-dividend date of this dividend was Monday, September 9th.

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.