Fortescue Metals Group Limited (OTCMKTS:FSUMF) Short Interest Up 21.9% in July

Fortescue Metals Group Limited (OTCMKTS:FSUMFGet Rating) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 6,984,400 shares, an increase of 21.9% from the June 30th total of 5,731,800 shares. Based on an average daily volume of 8,900 shares, the short-interest ratio is currently 784.8 days.

Fortescue Metals Group Price Performance

Shares of FSUMF opened at $12.49 on Thursday. The firm has a 50 day simple moving average of $12.92 and a 200-day simple moving average of $14.01. Fortescue Metals Group has a 1-year low of $10.25 and a 1-year high of $18.07.

Fortescue Metals Group Company Profile

(Get Rating)

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. 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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