Short Interest in Kumba Iron Ore Limited (OTCMKTS:KIROY) Expands By 19.2%

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 6,200 shares, an increase of 19.2% from the May 31st total of 5,200 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 3.1 days.

Kumba Iron Ore Trading Down 3.0 %

Shares of OTCMKTS KIROY traded down $0.24 during trading on Tuesday, reaching $7.92. The company had a trading volume of 14,877 shares, compared to its average volume of 6,323. The business’s 50-day moving average is $8.71 and its 200 day moving average is $9.14. Kumba Iron Ore has a 12-month low of $6.92 and a 12-month high of $11.16.

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.