Kumba Iron Ore Limited (OTCMKTS:KUMBF) Short Interest Up 28.8% in March

Kumba Iron Ore Limited (OTCMKTS:KUMBF) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 16,384 shares, a growth of 28.8% from the March 15th total of 12,718 shares. Based on an average daily trading volume, of 45 shares, the days-to-cover ratio is currently 364.1 days.

Kumba Iron Ore Price Performance

Shares of OTCMKTS KUMBF opened at $17.76 on Friday. The company’s 50-day moving average price is $20.15 and its 200 day moving average price is $20.43. Kumba Iron Ore has a 52 week low of $17.76 and a 52 week high of $21.74.

Kumba Iron Ore Company Profile

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.