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

Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) saw a large drop in short interest in June. As of June 30th, there was short interest totaling 14 shares, a drop of 84.4% from the June 15th total of 90 shares. Based on an average daily trading volume, of 9 shares, the days-to-cover ratio is currently 1.6 days.

Ford Otomotiv Sanayi A.S. Stock Performance

Ford Otomotiv Sanayi A.S. stock remained flat at $9.00 during midday trading on Monday. The company’s 50 day moving average is $10.05 and its 200 day moving average is $11.58. Ford Otomotiv Sanayi A.S. has a 52 week low of $9.00 and a 52 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.