Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) Sees Significant Drop in Short Interest

Ford Otomotiv Sanayi A.S. (OTCMKTS:FOVSY) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 14 shares, a decline of 84.4% from the June 15th total of 90 shares. Based on an average daily volume of 9 shares, the short-interest ratio is presently 1.6 days.

Ford Otomotiv Sanayi A.S. Stock Performance

OTCMKTS FOVSY remained flat at $9.00 during trading hours on Friday. Ford Otomotiv Sanayi A.S. has a 1 year low of $9.00 and a 1 year high of $15.80. The company’s 50 day moving average price is $10.05 and its 200 day moving average price is $11.58.

About Ford Otomotiv Sanayi A.S.

Ford Otomotiv Sanayi A.?., 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.