Kumba Iron Ore Limited (OTCMKTS:KUMBF) Short Interest Down 92.7% in August

Kumba Iron Ore Limited (OTCMKTS:KUMBF) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,118 shares, a drop of 92.7% from the July 30th total of 42,683 shares. Based on an average trading volume of 19,813 shares, the short-interest ratio is presently 0.2 days.

Kumba Iron Ore Price Performance

OTCMKTS KUMBF traded up $0.02 on Tuesday, hitting $19.30. The stock had a trading volume of 1 shares, compared to its average volume of 243. The business’s fifty day moving average price is $19.75 and its 200 day moving average price is $19.64. Kumba Iron Ore has a 52-week low of $17.56 and a 52-week high of $21.74.

Kumba Iron Ore Company Profile

Kumba Iron Ore (OTCMKTS: KUMBF) is a leading South African iron ore producer, primarily engaged in the mining, beneficiation and marketing of seaborne iron ore. The company is listed on the JSE Limited and trades in the United States on the OTC Markets under the symbol KUMBF. As a subsidiary of Anglo American plc, Kumba Iron Ore focuses on extracting premium grades of hematite ore, which serve as key feedstock for global steelmakers.

The company’s core operations are concentrated in the Northern Cape Province of South Africa, where it operates two flagship open-pit mines: Sishen and Kolomela.