Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Up 62.5% in November

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

Fortescue Trading Up 2.4 %

FSUGY stock opened at $24.24 on Friday. Fortescue has a twelve month low of $21.11 and a twelve month high of $39.76. The company has a current ratio of 2.67, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The business’s fifty day simple moving average is $25.46 and its two-hundred day simple moving average is $27.20.

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.