Short Interest in Kumba Iron Ore Limited (OTCMKTS:KIROY) Rises By 109.1%

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

Kumba Iron Ore Trading Up 0.5 %

Shares of Kumba Iron Ore stock traded up $0.03 during trading hours on Thursday, reaching $6.43. The stock had a trading volume of 12,286 shares, compared to its average volume of 2,899. The stock’s 50 day moving average is $6.20 and its 200 day moving average is $6.79. Kumba Iron Ore has a twelve month low of $5.57 and a twelve month high of $10.34.

About Kumba Iron Ore

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.