Taking this into account, CIBC downgraded its Fortuna Mining Corp [FSM] rating to a Sector underperform from a a Neutral in a research note published recently. Canaccord Genuity also remained covering FSM and has increased its forecast on January 18, 2022 with a “Buy” recommendation from previously “Hold” rating. Canaccord Genuity revised its rating on November 12, 2021. It rated FSM as “a Sell” which previously was an “a Hold”.
Price Performance Review of FSM
On Tuesday, Fortuna Mining Corp [NYSE:FSM] saw its stock jump 1.83% to $6.68. Over the last five days, the stock has gained 14.38%. Fortuna Mining Corp shares have risen nearly 55.71% since the year began. Nevertheless, the stocks have risen 7.22% over the past one year. While a 52-week high of $6.78 was reached on 04/21/25, a 52-week low of $3.86 was recorded on 03/04/25. SMA at 50 days reached $5.97, while 200 days put it at $5.08.
Levels Of Support And Resistance For FSM Stock
The 24-hour chart illustrates a support level at 6.49, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.78. A further resistance level may holdings at 6.87. The Relative Strength Index (RSI) on the 14-day chart is 67.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.37%. Stochastics %K at 88.90% indicates the stock is a selling.
How much short interest is there in Fortuna Mining Corp?
A steep rise in short interest was recorded in Fortuna Mining Corp stocks on 2025-05-15, dropping by -1.55 million shares to a total of 17.54 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-15 was 19.1 million shares. There was a decline of -8.86%, which implies that there is a negative sentiment for the stock.
