Fortitude Gold Co. (OTCMKTS:FTCO) Sees Large Decrease in Short Interest

Fortitude Gold Co. (OTCMKTS:FTCO) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,909 shares, a decline of 42.6% from the September 15th total of 8,549 shares. Based on an average daily trading volume, of 53,544 shares, the short-interest ratio is currently 0.1 days.

Fortitude Gold Stock Performance

Shares of FTCO traded down $0.01 during trading on Friday, reaching $4.63. The company’s stock had a trading volume of 5,121 shares, compared to its average volume of 51,356. The company has a fifty day moving average of $4.70 and a two-hundred day moving average of $4.81. Fortitude Gold has a twelve month low of $3.74 and a twelve month high of $6.10.

Fortitude Gold (OTCMKTS:FTCO) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $8.20 million for the quarter, compared to analyst estimates of $16.41 million.

About Fortitude Gold

Fortitude Gold Corp. is a Nevada-focused gold exploration, development and production company. Its principal operating asset is the Isabella Pearl gold mine, an open-pit, heap-leach operation located in the Walker Lane mineral belt near the town of Mina, Nevada.

The company also holds a portfolio of exploration and development properties in Nevada, including projects in the Walker Lane and Goldfield mining districts. Fortitude Gold uses exploration, resource evaluation and mine development activities to advance its properties and identify additional opportunities for gold production.

Fortitude Gold became an independent publicly traded company in 2020 following the separation of certain Nevada assets from Gold Resource Corporation.