Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 23,100 shares, an increase of 1,440.0% from the January 31st total of 1,500 shares. Based on an average daily volume of 183,600 shares, the days-to-cover ratio is presently 0.1 days.
Fortescue Price Performance
Shares of OTCMKTS:FSUGY opened at $21.10 on Friday. Fortescue has a 12 month low of $21.02 and a 12 month high of $36.87. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67. The business has a 50-day moving average of $23.34 and a two-hundred day moving average of $24.27.
Fortescue Cuts Dividend
The business also recently declared a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd will be given a dividend of $0.6199 per share. The ex-dividend date of this dividend is Monday, March 3rd.
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.
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