Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Down 27.3% in November

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 60,500 shares, a decline of 27.3% from the November 15th total of 83,200 shares. Based on an average daily trading volume, of 190,000 shares, the days-to-cover ratio is currently 0.3 days.

Fortescue Price Performance

OTCMKTS:FSUGY traded down $0.93 during trading hours on Friday, hitting $24.54. 149,601 shares of the company were exchanged, compared to its average volume of 71,455. 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. The company’s 50 day moving average price is $25.23 and its 200-day moving average price is $26.49.

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.