Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Increases By 62.5%

Fortescue Ltd (OTCMKTS:FSUGY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 83,200 shares, a growth of 62.5% from the October 31st total of 51,200 shares. Based on an average daily trading volume, of 188,700 shares, the short-interest ratio is currently 0.4 days.

Fortescue Trading Up 2.4 %

FSUGY opened at $24.24 on Friday. The stock has a 50-day moving average of $25.46 and a 200 day moving average of $27.20. The company has a current ratio of 2.67, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. Fortescue has a 12 month low of $21.11 and a 12 month high of $39.76.

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.