Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Increases By 346.7%

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 218,900 shares, a growth of 346.7% from the April 30th total of 49,000 shares. Based on an average trading volume of 231,800 shares, the short-interest ratio is presently 0.9 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

A number of research firms have recently commented on FSUGY. Citigroup raised shares of Fortescue from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 29th. The Goldman Sachs Group raised shares of Fortescue from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 8th.

Fortescue Stock Down 1.7%

FSUGY stock traded down $0.35 during trading on Friday, hitting $19.75. 79,693 shares of the stock traded hands, compared to its average volume of 160,870. Fortescue has a one year low of $16.41 and a one year high of $34.50. The company has a 50 day simple moving average of $19.90 and a 200 day simple moving average of $21.96. 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 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.