Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 32,700 shares, an increase of 271.6% from the July 15th total of 8,800 shares. Based on an average daily trading volume, of 164,300 shares, the days-to-cover ratio is currently 0.2 days.
Fortescue Stock Up 0.6 %
Fortescue stock traded up $0.14 during mid-day trading on Tuesday, hitting $24.27. 167,047 shares of the stock were exchanged, compared to its average volume of 51,459. Fortescue has a 12 month low of $22.12 and a 12 month high of $39.76. The firm’s fifty day simple moving average is $28.48 and its two-hundred day simple moving average is $32.40.
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