Fortescue Ltd (OTCMKTS:FSUMF) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUMFGet Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 10,810,900 shares, a growth of 7.5% from the February 29th total of 10,055,200 shares. Based on an average trading volume of 4,100 shares, the short-interest ratio is currently 2,636.8 days.

Fortescue Price Performance

Fortescue stock opened at $17.11 on Wednesday. The company’s 50 day simple moving average is $17.65 and its 200-day simple moving average is $16.59. Fortescue has a 1 year low of $11.97 and a 1 year high of $19.90.

Fortescue Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 27th. Stockholders of record on Thursday, February 29th were paid a $1.08 dividend. This represents a dividend yield of 7.38%. The ex-dividend date was Wednesday, February 28th. Fortescue’s dividend payout ratio (DPR) is 21.45%.

About Fortescue

(Get Free Report)

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. 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.

Further Reading

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