Short Interest in Fortescue Ltd (OTCMKTS:FSUGY) Declines By 28.9%

Posted by Francis Steltz on Apr 18th, 2025

Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a drop of 28.9% from the March 15th total of 3,800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 364,900 shares, the days-to-cover ratio is presently 0.0 days.

Fortescue Trading Up 1.3 %

FSUGY opened at $19.17 on Friday. Fortescue has a 1 year low of $16.41 and a 1 year high of $36.87. The stock has a 50-day moving average price of $20.69 and a 200-day moving average price of $23.14. 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 firm also recently disclosed a dividend, which was paid on Thursday, April 3rd. Investors of record on Monday, March 3rd were given a $0.6199 dividend. The ex-dividend date was Monday, March 3rd.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Analysis on FSUGY

Fortescue Company Profile

(Get Free Report)

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.