Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 23,100 shares, a growth of 1,440.0% from the January 31st total of 1,500 shares. Based on an average daily trading volume, of 183,600 shares, the days-to-cover ratio is currently 0.1 days.
Fortescue Trading Down 2.8 %
OTCMKTS FSUGY traded down $0.59 during trading on Monday, reaching $20.51. 246,064 shares of the company's stock traded hands, compared to its average volume of 113,972. 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 company's 50 day simple moving average is $23.34 and its two-hundred day simple moving average is $24.27. Fortescue has a 12-month low of $20.39 and a 12-month high of $36.87.
Fortescue Cuts Dividend
The firm also recently announced 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 is Monday, March 3rd.
About Fortescue
(
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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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