Fortescue Metals Group Limited (OTCMKTS:FSUMF) Short Interest Update

Fortescue Metals Group Limited (OTCMKTS:FSUMF) saw a large increase in short interest in August. As of August 15th, there was short interest totalling 8,487,800 shares, an increase of 7.5% from the July 31st total of 7,894,000 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is presently 2,652.4 days.

Fortescue Metals Group Stock Performance

Shares of Fortescue Metals Group stock opened at $13.84 on Thursday. Fortescue Metals Group has a one year low of $9.35 and a one year high of $16.15. The stock’s 50-day moving average is $14.38 and its 200 day moving average is $14.31.

About Fortescue Metals Group

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.