Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 109,331 shares, an increase of 181.5% from the November 30th total of 38,844 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 63,002 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 63,002 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.0% of the company’s shares are sold short.

Fortescue Stock Performance

FSUGY opened at $30.02 on Friday. The stock’s 50-day moving average price is $27.92 and its 200 day moving average price is $25.13. Fortescue has a 12-month low of $16.41 and a 12-month high of $30.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.43 and a quick ratio of 1.84.

About Fortescue

Fortescue (OTCMKTS:FSUGY) is the U.S. over‑the‑counter ticker for Fortescue Metals Group, an Australian company principally engaged in the exploration, mining, processing and sale of iron ore. Since its founding in 2003, the company has developed large‑scale open‑pit operations in the Pilbara region of Western Australia and built integrated infrastructure — including rail and port facilities — to move bulk shipments of iron ore to international steelmakers.

Fortescue’s core products are iron ore lump and fines, which it markets to customers around the world, with strong trade links to Asian steel producers.