Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Large Increase in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a large increase in short interest in the month of 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 trading volume of 7,200 shares, the short-interest ratio is currently 1.6 days.

Kumba Iron Ore Stock Up 0.5 %

Shares of Kumba Iron Ore stock traded up $0.03 during trading on Thursday, hitting $6.43. 12,286 shares of the stock were exchanged, compared to its average volume of 2,899. The company has a fifty day moving average price of $6.20 and a 200-day moving average price of $6.79. Kumba Iron Ore has a 1-year low of $5.57 and a 1-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.