Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 3,118 shares, a decline of 92.7% from the July 30th total of 42,683 shares. Based on an average daily trading volume, of 19,813 shares, the short-interest ratio is presently 0.2 days.
Kumba Iron Ore Price Performance
Shares of KUMBF stock remained flat at $19.30 during midday trading on Thursday. The firm’s fifty day moving average is $19.74 and its 200 day moving average is $19.62. Kumba Iron Ore has a 12-month low of $17.56 and a 12-month high of $21.74.
About Kumba Iron Ore
Kumba Iron Ore (OTCMKTS: KUMBF) is a leading South African iron ore producer, primarily engaged in the mining, beneficiation and marketing of seaborne iron ore. The company is listed on the JSE Limited and trades in the United States on the OTC Markets under the symbol KUMBF. As a subsidiary of Anglo American plc, Kumba Iron Ore focuses on extracting premium grades of hematite ore, which serve as key feedstock for global steelmakers.
The company’s core operations are concentrated in the Northern Cape Province of South Africa, where it operates two flagship open-pit mines: Sishen and Kolomela.
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