Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 48,374 shares, an increase of 360.2% from the July 30th total of 10,512 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 48,790 shares, the short-interest ratio is currently 1.0 days.

Kumba Iron Ore Trading Down 1.2%

OTCMKTS KIROY traded down $0.06 on Wednesday, reaching $5.10. The company had a trading volume of 19,674 shares, compared to its average volume of 29,597. The company’s fifty day moving average is $5.62 and its 200 day moving average is $6.35. Kumba Iron Ore has a 52-week low of $5.01 and a 52-week high of $8.47.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Kumba Iron Ore Company Profile

Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.