Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Sees Large Decrease in Short Interest

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 14,286 shares, a drop of 67.4% from the January 29th total of 43,821 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 16,052 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily trading volume, of 16,052 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.0% of the company’s shares are sold short.

Kumba Iron Ore Stock Performance

Shares of KIROY remained flat at $7.58 during midday trading on Friday. 2,185 shares of the stock traded hands, compared to its average volume of 7,194. Kumba Iron Ore has a 1-year low of $4.78 and a 1-year high of $8.47. The company’s 50-day moving average is $7.55 and its 200 day moving average is $6.75.

Kumba Iron Ore Company Profile

Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.