Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 3,800 shares, a decline of 63.1% from the February 28th total of 10,300 shares. Based on an average daily volume of 429,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.
Fortescue Stock Down 0.4 %
FSUGY stock opened at $20.28 on Thursday. The firm has a 50-day simple moving average of $22.51 and a two-hundred day simple moving average of $23.81. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.67 and a quick ratio of 2.10. Fortescue has a one year low of $19.39 and a one year high of $36.87.
Fortescue Cuts Dividend
The company also recently announced a dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd will be paid a $0.6199 dividend. The ex-dividend date of this dividend 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.
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