Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Significant Increase in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the recipient of a significant growth in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 147.1% from the February 28th total of 7,000 shares. Based on an average trading volume of 15,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the shares of the stock are short sold.

Kumba Iron Ore Stock Down 7.7 %

Shares of OTCMKTS KIROY traded down $0.50 during midday trading on Friday, reaching $6.00. 3,252 shares of the company traded hands, compared to its average volume of 4,461. The stock’s 50-day simple moving average is $6.62 and its 200-day simple moving average is $6.56. Kumba Iron Ore has a 12 month low of $5.57 and a 12 month high of $10.15.

Kumba Iron Ore Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were given a $0.3586 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Kumba Iron Ore’s previous dividend of $0.25.

About Kumba Iron Ore

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.