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.
Check Out Our Latest Analysis on FSUGY
Fortescue Company Profile
(
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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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