Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Down 96.8% in May

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 6,900 shares, a decline of 96.8% from the May 15th total of 218,900 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 128,800 shares, the short-interest ratio is currently 0.1 days.

Fortescue Trading Down 0.7%

Shares of FSUGY traded down $0.14 during trading hours on Friday, hitting $20.45. The company's stock had a trading volume of 59,599 shares, compared to its average volume of 154,293. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.67 and a quick ratio of 2.10. The business has a 50 day simple moving average of $20.18 and a two-hundred day simple moving average of $21.72. Fortescue has a 52-week low of $16.41 and a 52-week high of $30.93.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on FSUGY. Citigroup upgraded shares of Fortescue from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 29th. The Goldman Sachs Group upgraded shares of Fortescue from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 8th.

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.