Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 83,200 shares, an increase of 62.5% from the October 31st total of 51,200 shares. Based on an average daily trading volume, of 188,700 shares, the short-interest ratio is currently 0.4 days.
Fortescue Price Performance
OTCMKTS:FSUGY traded up $0.44 during mid-day trading on Friday, hitting $24.68. 35,878 shares of the company traded hands, compared to its average volume of 70,105. The stock's fifty day moving average price is $25.48 and its 200-day moving average price is $27.13. Fortescue has a one year low of $21.11 and a one year high of $39.76. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67.
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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