Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,800 shares, a decline of 63.1% from the February 28th total of 10,300 shares. Based on an average daily volume of 429,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Fortescue Price Performance
Shares of OTCMKTS FSUGY traded down $0.60 during trading hours on Friday, reaching $19.72. The stock had a trading volume of 159,097 shares, compared to its average volume of 142,404. Fortescue has a twelve month low of $19.39 and a twelve month high of $36.87. The business's fifty day moving average is $22.36 and its two-hundred day moving average is $23.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67.
Fortescue Cuts Dividend
The firm also recently declared a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd will be issued a $0.6199 dividend. The ex-dividend date of this dividend 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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