Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Drops By 55.4%

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 10,300 shares, a decrease of 55.4% from the February 13th total of 23,100 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 223,600 shares, the days-to-cover ratio is currently 0.0 days.

Fortescue Price Performance

Shares of OTCMKTS FSUGY opened at $20.14 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.10 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $22.83 and its 200-day moving average price is $24.04. Fortescue has a fifty-two week low of $19.39 and a fifty-two week high of $36.87.

Fortescue Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 3rd will be paid a $0.6199 dividend. The ex-dividend date is Monday, March 3rd.

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 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.