Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Down 26.7% in December

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 5,500 shares, a drop of 26.7% from the November 30th total of 7,500 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is currently 1.3 days.

Kumba Iron Ore Trading Down 0.6 %

Shares of KIROY stock traded down $0.26 during midday trading on Friday, hitting $5.94. The company had a trading volume of 504 shares, compared to its average volume of 6,956. Kumba Iron Ore has a 52-week low of $5.57 and a 52-week high of $10.50. The company’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $7.01.

Kumba Iron Ore Company Profile

Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.