Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUGY) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 20,000 shares, an increase of 58.7% from the April 15th total of 12,600 shares. Based on an average daily trading volume, of 103,000 shares, the short-interest ratio is presently 0.2 days.

Fortescue Stock Up 1.1 %

OTCMKTS FSUGY traded up $0.39 on Tuesday, hitting $34.93. 45,383 shares of the company’s stock were exchanged, compared to its average volume of 36,094. Fortescue has a 52 week low of $24.33 and a 52 week high of $39.76. The stock has a 50-day moving average of $33.18 and a 200-day moving average of $34.52.

Fortescue Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 4th were given a $1.3952 dividend. This is a boost from Fortescue’s previous dividend of $1.27. The ex-dividend date of this dividend was Friday, March 1st. This represents a yield of 7.34%.

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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.