Fortescue Ltd (OTCMKTS:FSUGY) Short Interest Down 98.3% in June

Fortescue Ltd (OTCMKTS:FSUGY) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totalling 200 shares, a decrease of 98.3% from the June 15th total of 11,900 shares. Based on an average trading volume of 128,400 shares, the short-interest ratio is presently 0.0 days.

Fortescue Trading Up 0.7 %

Shares of FSUGY traded up $0.22 on Thursday, reaching $29.57. The company’s stock had a trading volume of 54,991 shares, compared to its average volume of 40,521. Fortescue has a twelve month low of $24.50 and a twelve month high of $39.76. The firm has a fifty day moving average of $32.16 and a 200-day moving average of $34.15.

About Fortescue

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.