Fortitude Gold Co. (OTCMKTS:FTCO) Sees Significant Decrease in Short Interest

Fortitude Gold Co. (OTCMKTS:FTCO) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,824 shares, a drop of 46.7% from the November 30th total of 3,419 shares. Based on an average daily trading volume, of 122,498 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 122,498 shares, the days-to-cover ratio is presently 0.0 days.

Fortitude Gold Stock Down 0.8%

FTCO stock traded down $0.03 during trading on Friday, reaching $3.87. 95,568 shares of the company were exchanged, compared to its average volume of 71,001. The stock’s 50 day moving average price is $4.16 and its 200 day moving average price is $3.96. Fortitude Gold has a 52-week low of $2.85 and a 52-week high of $5.62.

Fortitude Gold Announces Dividend

The company also recently announced a oct 25 dividend, which was paid on Friday, October 31st. Shareholders of record on Monday, October 20th were given a dividend of $0.01 per share.

Fortitude Gold Company Profile

Fortitude Gold Corporation is a U.S.-based gold producer and exploration company traded on the OTC Markets under the symbol FTCO. The company’s principal asset is the Pan Mine, an open-pit, heap-leach gold operation located on the prolific Carlin Trend in Elko County, Nevada. Through its wholly owned subsidiary, Fortitude Gold Mining Company, it focuses on the extraction, processing and sale of gold dore bars to regional refineries.

The Pan Mine employs conventional open-pit mining techniques followed by carbon-in-leach processing to recover gold from low-grade ore.