Fortitude Gold Co. (OTCMKTS:FTCO) Stock Short Interest Falls 42.6%

Fortitude Gold Co. (OTCMKTS:FTCO) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 4,909 shares, a decrease of 42.6% from the September 15th total of 8,549 shares. Based on an average daily volume of 53,544 shares, the days-to-cover ratio is presently 0.1 days.

Fortitude Gold Price Performance

OTCMKTS:FTCO traded up $0.02 on Friday, reaching $4.66. 16,827 shares of the company’s stock were exchanged, compared to its average volume of 51,360. The stock has a fifty day simple moving average of $4.70 and a 200-day simple moving average of $4.80. Fortitude Gold has a 52 week low of $3.74 and a 52 week high of $6.10.

Fortitude Gold (OTCMKTS:FTCO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $8.20 million for the quarter, compared to the consensus estimate of $16.41 million.

Fortitude Gold Company Profile

Fortitude Gold Corp. is a Nevada-focused gold exploration, development and production company. Its principal operating asset is the Isabella Pearl gold mine, an open-pit, heap-leach operation located in the Walker Lane mineral belt near the town of Mina, Nevada.

The company also holds a portfolio of exploration and development properties in Nevada, including projects in the Walker Lane and Goldfield mining districts. Fortitude Gold uses exploration, resource evaluation and mine development activities to advance its properties and identify additional opportunities for gold production.

Fortitude Gold became an independent publicly traded company in 2020 following the separation of certain Nevada assets from Gold Resource Corporation.