Short Interest in Fortescue Ltd (OTCMKTS:FSUMF) Drops By 35.2%

by · The Cerbat Gem

Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 4,719,700 shares, a decline of 35.2% from the September 15th total of 7,282,400 shares. Based on an average daily trading volume, of 54,100 shares, the short-interest ratio is currently 87.2 days.

Fortescue Price Performance

Shares of FSUMF stock traded up $0.03 on Monday, hitting $13.60. The stock had a trading volume of 10,596 shares, compared to its average volume of 8,794. Fortescue has a twelve month low of $10.40 and a twelve month high of $19.90. The company has a fifty day moving average price of $12.33 and a two-hundred day moving average price of $14.61.

About Fortescue

(Get Free Report)

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.

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