Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Drops By 75.4%

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 1,500 shares, a decline of 75.4% from the January 15th total of 6,100 shares. Based on an average daily trading volume, of 158,300 shares, the short-interest ratio is presently 0.0 days.

Fortescue Trading Down 0.7 %

Shares of FSUGY traded down $0.18 during midday trading on Friday, reaching $24.75. The stock had a trading volume of 284,711 shares, compared to its average volume of 93,155. Fortescue has a 52 week low of $21.11 and a 52 week high of $37.73. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. The firm's 50 day moving average price is $23.55 and its 200-day moving average price is $24.33.

Fortescue Company Profile

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.