Fortescue Ltd (OTCMKTS:FSUMF) Short Interest Update

Fortescue Ltd (OTCMKTS:FSUMF) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 9,982,000 shares, a decrease of 7.7% from the March 15th total of 10,810,900 shares. Based on an average daily volume of 9,600 shares, the short-interest ratio is presently 1,039.8 days.

Fortescue Trading Down 4.4 %

Shares of OTCMKTS FSUMF traded down $0.75 during mid-day trading on Tuesday, hitting $16.20. 2,140 shares of the company traded hands, compared to its average volume of 3,390. Fortescue has a 1 year low of $11.97 and a 1 year high of $19.90. The business has a 50 day moving average of $17.24 and a two-hundred day moving average of $16.81.

Fortescue Announces Dividend

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

Fortescue Company Profile

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.