Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

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

Fortescue Stock Up 3.0 %

Shares of OTCMKTS:FSUGY opened at $20.74 on Friday. The company’s fifty day moving average price is $22.79 and its 200 day moving average price is $24.01. Fortescue has a 12 month low of $19.39 and a 12 month high of $36.87. 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 Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 3rd. Investors of record on Monday, March 3rd will be paid a dividend of $0.6199 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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.