Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 12,600 shares, an increase of 186.4% from the March 31st total of 4,400 shares. Based on an average daily trading volume, of 92,600 shares, the short-interest ratio is presently 0.1 days.
Fortescue Trading Up 3.9 %
FSUGY stock opened at $33.39 on Friday. Fortescue has a 52-week low of $24.33 and a 52-week high of $39.76. The business has a 50-day simple moving average of $33.49 and a two-hundred day simple moving average of $33.93.
Fortescue Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 4th were given a dividend of $1.3952 per share. The ex-dividend date was Friday, March 1st. This represents a dividend yield of 7.34%. This is a boost from Fortescue’s previous dividend of $1.27.
About Fortescue
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.
Read More
- Five stocks we like better than Fortescue
- 3 Ways To Invest In Coffee, Other Than Drinking It
- MarketBeat Week in Review – 4/22 – 4/26
- What is Forex and How Does it Work?
- 3 Stocks Leading the U.S. Agriculture Comeback
- How to invest in blue chip stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
Receive News & Ratings for Fortescue Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortescue and related companies with MarketBeat.com's FREE daily email newsletter.
