Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 86,791 shares, an increase of 92.8% from the July 15th total of 45,013 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 177,910 shares, the short-interest ratio is currently 0.5 days.
Fortescue Stock Performance
OTCMKTS:FSUGY traded down $0.16 during trading hours on Friday, reaching $24.85. The company had a trading volume of 66,544 shares, compared to its average volume of 88,411. Fortescue has a twelve month low of $24.08 and a twelve month high of $33.44. The company has a current ratio of 3.03, a quick ratio of 2.28 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $26.40 and its two-hundred day simple moving average is $28.43.
Analyst Ratings Changes
Several equities research analysts have commented on FSUGY shares. Zacks Research cut Fortescue from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. The Goldman Sachs Group downgraded Fortescue from a “hold” rating to a “sell” rating and set a $16.90 target price on the stock. in a research report on Thursday, July 2nd. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Fortescue presently has a consensus rating of “Reduce” and a consensus target price of $16.90.
Fortescue Company Profile
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.
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