Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 11,500 shares, a growth of 109.1% from the December 31st total of 5,500 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 1.6 days.

Kumba Iron Ore Trading Down 1.6 %

KIROY stock traded down $0.11 on Wednesday, reaching $6.58. 4,033 shares of the company were exchanged, compared to its average volume of 2,159. Kumba Iron Ore has a 12 month low of $5.57 and a 12 month high of $10.15. The stock’s fifty day moving average price is $6.23 and its 200 day moving average price is $6.66.

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.