Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) Sees Large Increase in Short Interest

Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) was the recipient of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 713 shares, an increase of ∞ from the July 30th total of 0 shares. Based on an average daily volume of 36 shares, the days-to-cover ratio is presently 19.8 days.

Ford Otomotiv Sanayi A.S. Stock Performance

FOVSY stock remained flat at $8.69 on Friday. 7 shares of the company traded hands, compared to its average volume of 321. Ford Otomotiv Sanayi A.S. has a 1 year low of $8.42 and a 1 year high of $15.80. The company has a fifty day simple moving average of $8.79 and a two-hundred day simple moving average of $10.67.

About Ford Otomotiv Sanayi A.S.

Ford Otomotiv Sanayi A.Ş., commonly known as Ford Otosan, is a Turkey‐based automotive manufacturer formed as a joint venture between Ford Motor Company and Koç Holding. The company focuses on the design, engineering, production and distribution of commercial vehicles, diesel engines and associated spare parts. Since its establishment in the 1970s, Ford Otosan has grown into one of Turkey’s largest industrial enterprises, with operations that span the full vehicle lifecycle from research and development to delivery of aftermarket solutions.

Ford Otosan’s product portfolio is anchored by the Ford Transit family of light commercial vehicles, including Transit, Transit Custom, Transit Connect and Transit Courier models.