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

Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 2,506 shares, an increase of 215.6% from the September 30th total of 794 shares. Based on an average daily volume of 1,343 shares, the short-interest ratio is presently 1.9 days.

Ford Otomotiv Sanayi A.S. Price Performance

OTCMKTS:FOVSY opened at $7.04 on Friday. The business’s 50-day simple moving average is $7.84 and its two-hundred day simple moving average is $10.24. Ford Otomotiv Sanayi A.S. has a 52 week low of $6.24 and a 52 week high of $14.75.

About Ford Otomotiv Sanayi A.S.

Ford Otomotiv Sanayi A.Ş., commonly known as Ford Otosan, is a Turkey-based automotive manufacturer and a joint venture between Ford Motor Company and Koç Holding. Established in 1959, the company develops, manufactures, sells and services commercial vehicles, automotive components and related products.

Ford Otosan’s product portfolio includes commercial vans such as the Ford Transit, Transit Custom and Transit Courier, as well as trucks and other commercial vehicles. The company also produces diesel and electric powertrains, engines, transmissions and vehicle components, and provides engineering, research and development services for Ford’s global operations.

The company operates manufacturing and research facilities in Turkey, including plants in Kocaeli and Eskişehir, and expanded its European production footprint through the acquisition of Ford’s Craiova manufacturing facility in Romania.