Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Expands By 48.6%

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 89,900 shares, an increase of 48.6% from the November 30th total of 60,500 shares. Based on an average daily trading volume, of 202,900 shares, the days-to-cover ratio is presently 0.4 days.

Fortescue Price Performance

Shares of OTCMKTS:FSUGY traded down $0.04 during midday trading on Friday, reaching $22.96. The company had a trading volume of 100,023 shares, compared to its average volume of 74,134. The company has a fifty day simple moving average of $24.46 and a two-hundred day simple moving average of $25.69. The company has a current ratio of 2.67, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. Fortescue has a 1-year low of $21.11 and a 1-year high of $39.76.

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.