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

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

Kumba Iron Ore Stock Performance

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

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.