Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Drops By 80.7%

Kumba Iron Ore Ltd. (OTCMKTS:KIROYGet Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 10,512 shares, a drop of 80.7% from the July 15th total of 54,504 shares. Based on an average trading volume of 151,637 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a report on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on KIROY

Kumba Iron Ore Price Performance

Shares of OTCMKTS:KIROY traded down $0.21 during mid-day trading on Thursday, reaching $5.12. 61,985 shares of the company’s stock were exchanged, compared to its average volume of 29,321. Kumba Iron Ore has a twelve month low of $5.07 and a twelve month high of $8.47. The business’s fifty day moving average price is $5.81 and its 200-day moving average price is $6.52.

Kumba Iron Ore Company Profile

(Get Free Report)

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.

Further Reading

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