Fortescue Ltd Posts 68% Drop in Short Interest for December

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) experienced a notable decline in short interest during December. By December 31st, short interest had fallen to 28,800 shares, reflecting a 68.0% drop from the previous total of 89,900 shares on December 15th. Given the average daily trading volume of 285,500 shares, the current short-interest ratio stands at just 0.1 days.

Fortescue Stock Performance

During mid-day trading on Monday, shares of FSUGY increased by $0.49, bringing the stock price to $22.42. The trading volume for the day was recorded at 125,159 shares, which is lower than the average volume of 155,580 shares. Fortescue has a current ratio of 2.67, a quick ratio of 2.10, and a debt-to-equity ratio of 0.27. Over the past year, the company’s stock has seen a low of $21.11 and a high of $39.32. The fifty-day moving average price is $23.73, while the two-hundred day moving average is $25.11.

About Fortescue

Fortescue Ltd engages in various activities including the exploration, development, production, processing, and sale of iron ore across Australia, China, and other international markets. In addition to iron ore, the company explores for deposits of copper, gold, lithium, and rare earth elements. Fortescue also provides port towage services, operates rail and port facilities, and is committed to producing green energy and green hydrogen along with its derivatives, such as green ammonia.

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This news report was produced using advanced technology for financial reporting. The information was verified by a professional editorial team before publication. For inquiries, you can reach out at [email protected].

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