Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) Short Interest Up 83.0% in October

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 101,400 shares, an increase of 83.0% from the September 30th total of 55,400 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 76,800 shares, the short-interest ratio is currently 1.3 days. Based on an average daily trading volume, of 76,800 shares, the short-interest ratio is currently 1.3 days. Currently, 0.0% of the company’s stock are short sold.

Fortescue Stock Down 1.0%

OTCMKTS:FSUGY opened at $27.92 on Monday. Fortescue has a one year low of $16.41 and a one year high of $28.31. The firm’s fifty day moving average price is $25.58 and its two-hundred day moving average price is $22.99. The company has a current ratio of 2.43, a quick ratio of 1.84 and a debt-to-equity ratio of 0.26.

Fortescue Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 3rd. Shareholders of record on Monday, September 8th were issued a $0.758 dividend. This represents a dividend yield of 555.0%. The ex-dividend date was Friday, September 5th.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FSUGY shares. Royal Bank Of Canada downgraded shares of Fortescue from a “moderate buy” rating to a “hold” rating in a report on Tuesday, August 26th. Macquarie downgraded shares of Fortescue from a “hold” rating to a “strong sell” rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

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.