Short Interest in Fortitude Gold Co. (OTCMKTS:FTCO) Declines By 46.7%

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

Fortitude Gold Stock Down 1.5%

Fortitude Gold stock traded down $0.06 during midday trading on Monday, reaching $3.81. 49,062 shares of the company traded hands, compared to its average volume of 70,840. Fortitude Gold has a 12 month low of $2.85 and a 12 month high of $5.62. The business has a 50 day moving average of $4.16 and a two-hundred day moving average of $3.96.

Fortitude Gold Announces Dividend

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

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.