Short Interest in Fortitude Gold Co. (OTCMKTS:FTCO) Expands By 44.9%

Fortitude Gold Co. (OTCMKTS:FTCO) saw a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 10,000 shares, a growth of 44.9% from the September 30th total of 6,900 shares. Based on an average daily trading volume, of 91,600 shares, the days-to-cover ratio is presently 0.1 days.

Fortitude Gold Stock Performance

FTCO stock traded down 0.03 during mid-day trading on Tuesday, reaching 5.36. The company had a trading volume of 28,476 shares, compared to its average volume of 72,116. Fortitude Gold has a one year low of 3.61 and a one year high of 6.50. The stock’s 50-day simple moving average is 4.88 and its two-hundred day simple moving average is 4.77.

Fortitude Gold Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, October 21st will be issued a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date of this dividend is Monday, October 21st.

Fortitude Gold Company Profile

Fortitude Gold Corporation, together with its subsidiaries, focuses on exploring gold and silver projects in the United States. It holds 100% of its flagship project, Isabella Pearl Mine, which is an open pit-style consisting of 601 unpatented claims that covers approximately 10,434 acres located in Mineral County, Nevada.