Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) Sees Large Decline in Short Interest

Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 24 shares, a decline of 99.3% from the November 30th total of 3,350 shares. Based on an average daily volume of 1,595 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 1,595 shares, the days-to-cover ratio is presently 0.0 days.

Ford Otomotiv Sanayi A.S. Price Performance

OTCMKTS FOVSY remained flat at $11.50 during trading hours on Wednesday. The company had a trading volume of 84 shares, compared to its average volume of 947. The firm has a fifty day moving average of $11.25 and a 200-day moving average of $11.75. Ford Otomotiv Sanayi A.S. has a fifty-two week low of $10.50 and a fifty-two week high of $15.80.

Ford Otomotiv Sanayi A.S. Company Profile

Ford Otomotiv Sanayi A.Ş., commonly known as Ford Otosan, is a Turkey‐based automotive manufacturer formed as a joint venture between Ford Motor Company and Koç Holding. The company focuses on the design, engineering, production and distribution of commercial vehicles, diesel engines and associated spare parts. Since its establishment in the 1970s, Ford Otosan has grown into one of Turkey’s largest industrial enterprises, with operations that span the full vehicle lifecycle from research and development to delivery of aftermarket solutions.

Ford Otosan’s product portfolio is anchored by the Ford Transit family of light commercial vehicles, including Transit, Transit Custom, Transit Connect and Transit Courier models.