Fortitude Gold Co. (OTCMKTS:FTCO) Shares Shorted: Short Interest Down 42.6% in September

Fortitude Gold Co. (OTCMKTS:FTCO) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 4,909 shares, a decline of 42.6% from the September 15th total of 8,549 shares. Based on an average trading volume of 53,544 shares, the days-to-cover ratio is presently 0.1 days.

Fortitude Gold Trading Up 0.4%

Shares of FTCO traded up $0.02 during trading hours on Thursday, hitting $4.65. The stock had a trading volume of 14,051 shares, compared to its average volume of 51,588. The company’s fifty day simple moving average is $4.70 and its 200 day simple moving average is $4.81. Fortitude Gold has a 12-month low of $3.74 and a 12-month high of $6.10.

Fortitude Gold (OTCMKTS:FTCO) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $8.20 million for the quarter, compared to analysts’ expectations of $16.41 million.

Fortitude Gold Company Profile

Fortitude Gold Corp. is a Nevada-focused gold exploration, development and production company. Its principal operating asset is the Isabella Pearl gold mine, an open-pit, heap-leach operation located in the Walker Lane mineral belt near the town of Mina, Nevada.

The company also holds a portfolio of exploration and development properties in Nevada, including projects in the Walker Lane and Goldfield mining districts. Fortitude Gold uses exploration, resource evaluation and mine development activities to advance its properties and identify additional opportunities for gold production.

Fortitude Gold became an independent publicly traded company in 2020 following the separation of certain Nevada assets from Gold Resource Corporation.