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

Fortescue Ltd. Sponsored ADR (OTCMKTS:FSUGY) was the recipient of a large drop in short interest in August. As of August 14th, there was short interest totaling 25,135 shares, a drop of 71.0% from the July 30th total of 86,791 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 138,145 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut shares of Fortescue from a “hold” rating to a “sell” rating and set a $16.90 price objective for the company. in a research note on Thursday, July 2nd. Zacks Research downgraded shares of Fortescue from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group upgraded shares of Fortescue from a “moderate sell” rating to a “hold” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $16.90.

Fortescue Price Performance

FSUGY stock traded up $0.19 during trading on Friday, reaching $25.73. The company had a trading volume of 54,585 shares, compared to its average volume of 69,778. Fortescue has a 52 week low of $24.08 and a 52 week high of $33.44. The business has a 50 day moving average of $25.88 and a 200 day moving average of $28.12. The company has a debt-to-equity ratio of 0.27, a current ratio of 3.03 and a quick ratio of 2.28.

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.