Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a decline of 28.9% from the March 15th total of 3,800 shares. Based on an average daily trading volume, of 364,900 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Fortescue from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 8th.

Fortescue Price Performance

Shares of OTCMKTS FSUGY opened at $19.17 on Friday. The firm’s fifty day moving average is $20.69 and its 200 day moving average is $23.14. Fortescue has a 52 week low of $16.41 and a 52 week high of $36.87. The company has a quick ratio of 2.10, a current ratio of 2.67 and a debt-to-equity ratio of 0.27.

Fortescue Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 3rd. Shareholders of record on Monday, March 3rd were given a $0.6199 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

About Fortescue

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.