Kumba Iron Ore Limited (OTCMKTS:KUMBF) Short Interest Up 606.8% in June

Kumba Iron Ore Limited (OTCMKTS:KUMBF) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 61,815 shares, a growth of 606.8% from the June 15th total of 8,746 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ? days.

Kumba Iron Ore Stock Performance

Shares of OTCMKTS KUMBF remained flat at $19.77 during midday trading on Friday. Kumba Iron Ore has a 12-month low of $17.56 and a 12-month high of $21.74. The company has a 50 day moving average price of $19.37 and a 200 day moving average price of $20.05.

About Kumba Iron Ore

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.