Short Interest in Kumba Iron Ore Limited (OTCMKTS:KIROY) Drops By 26.7%

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 5,500 shares, a decrease of 26.7% from the November 30th total of 7,500 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 1.3 days.

Kumba Iron Ore Stock Performance

Shares of KIROY traded down $0.26 during mid-day trading on Friday, reaching $5.94. 504 shares of the company’s stock were exchanged, compared to its average volume of 6,956. The business’s fifty day simple moving average is $6.40 and its 200-day simple moving average is $7.01. Kumba Iron Ore has a 52-week low of $5.57 and a 52-week high of $10.50.

About Kumba Iron Ore

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.