Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 11,500 shares, an increase of 109.1% from the December 15th total of 5,500 shares. Based on an average daily trading volume, of 7,200 shares, the days-to-cover ratio is currently 1.6 days.

Kumba Iron Ore Price Performance

OTCMKTS KIROY traded up $0.03 during trading on Thursday, reaching $6.43. The company’s stock had a trading volume of 12,286 shares, compared to its average volume of 2,898. The firm has a fifty day moving average of $6.22 and a 200 day moving average of $6.79. Kumba Iron Ore has a one year low of $5.57 and a one year high of $10.34.

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.