Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 341,400 shares, a growth of 12,544.4% from the March 31st total of 2,700 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 718,200 shares, the short-interest ratio is presently 0.5 days.

Fortescue Stock Down 2.1 %

Shares of FSUGY stock traded down $0.44 on Wednesday, hitting $20.64. The stock had a trading volume of 166,323 shares, compared to its average volume of 178,855. Fortescue has a one year low of $16.41 and a one year high of $36.87. The business has a 50 day moving average price of $19.95 and a 200 day moving average price of $22.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.10 and a current ratio of 2.67.

Fortescue Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 3rd. Stockholders of record on Monday, March 3rd were issued a $0.6199 dividend. The ex-dividend date was Monday, March 3rd.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Fortescue from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 8th. Citigroup raised Fortescue from a "hold" rating to a "strong-buy" rating in a research note on Tuesday.

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.