Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Expands By 1,440.0%

Fortescue Ltd (OTCMKTS:FSUGY) saw a significant 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 volume of 183,600 shares, the short-interest ratio is currently 0.1 days.

Fortescue Trading Down 0.9 %

OTCMKTS FSUGY traded down $0.21 during trading on Friday, reaching $21.90. The company’s stock had a trading volume of 80,734 shares, compared to its average volume of 108,827. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.67 and a quick ratio of 2.10. Fortescue has a 1-year low of $21.11 and a 1-year high of $36.87. The business has a 50-day moving average price of $23.37 and a 200-day moving average price of $24.29.

Fortescue Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 3rd will be issued a $0.6199 dividend. The ex-dividend date is Monday, March 3rd.

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.