Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 98,500 shares, a growth of 128.5% from the August 31st total of 43,100 shares. Based on an average daily volume of 398,400 shares, the days-to-cover ratio is currently 0.2 days.

Fortescue Stock Performance

FSUGY stock opened at $28.03 on Friday. The company has a fifty day moving average price of $24.42 and a 200-day moving average price of $29.54. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27. Fortescue has a 52-week low of $21.11 and a 52-week high of $39.76.

Fortescue Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, October 4th. Shareholders of record on Monday, September 9th will be given a $1.1851 dividend. The ex-dividend date of this dividend is Monday, September 9th.

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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.