Fortescue Ltd (OTCMKTS:FSUMF) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUMFGet Free Report) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 7,456,300 shares, a decline of 10.0% from the April 30th total of 8,287,800 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 1,242.7 days.

Fortescue Trading Down 2.3 %

Shares of FSUMF stock opened at $16.49 on Monday. Fortescue has a 12 month low of $11.97 and a 12 month high of $19.90. The stock has a 50 day moving average of $17.09 and a 200-day moving average of $17.57.

About Fortescue

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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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.

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