Short Interest in Fortitude Gold Co. (OTCMKTS:FTCO) Rises By 135.8%

Posted by Matthew Steigler on Sep 28th, 2024

Fortitude Gold Co. (OTCMKTS:FTCO – Get Free Report) saw a significant increase in short interest in September. As of September 15th, there was short interest totalling 12,500 shares, an increase of 135.8% from the August 31st total of 5,300 shares. Based on an average daily volume of 83,200 shares, the days-to-cover ratio is currently 0.2 days.

Fortitude Gold Stock Performance

Fortitude Gold stock opened at 5.12 on Friday. Fortitude Gold has a 12 month low of 3.61 and a 12 month high of 6.50. The business has a 50 day simple moving average of 4.58 and a 200-day simple moving average of 4.79.

Fortitude Gold Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 19th will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 19th. This represents a $0.48 annualized dividend and a dividend yield of 9.37%.

Fortitude Gold Company Profile

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Fortitude Gold Corporation, together with its subsidiaries, focuses on exploring gold and silver projects in the United States. It holds 100% of its flagship project, Isabella Pearl Mine, which is an open pit-style consisting of 601 unpatented claims that covers approximately 10,434 acres located in Mineral County, Nevada.