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

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

Fortescue Price Performance

OTCMKTS FSUGY traded up $0.38 on Thursday, reaching $25.40. The company had a trading volume of 19,364 shares, compared to its average volume of 69,507. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.28 and a current ratio of 3.03. Fortescue has a fifty-two week low of $24.08 and a fifty-two week high of $33.44. The business has a 50 day moving average of $25.93 and a two-hundred day moving average of $28.16.

Analyst Upgrades and Downgrades

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

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.