Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 10,300 shares, a decrease of 55.4% from the February 13th total of 23,100 shares. Currently, 0.0% of the company's shares are sold short. Based on an average daily trading volume, of 223,600 shares, the days-to-cover ratio is currently 0.0 days.
Fortescue Price Performance
Shares of OTCMKTS FSUGY opened at $20.14 on Friday. 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 50 day moving average price is $22.83 and its 200-day moving average price is $24.04. Fortescue has a fifty-two week low of $19.39 and a fifty-two week high of $36.87.
Fortescue Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 3rd will be paid a $0.6199 dividend. The ex-dividend date is Monday, March 3rd.
About Fortescue
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Fortescue, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Fortescue wasn't on the list.
While Fortescue currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
