Short Interest in Kumba Iron Ore Limited (OTCMKTS:KIROY) Drops By 8.2%

Kumba Iron Ore Limited (OTCMKTS:KIROYGet Rating) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 8,900 shares, a drop of 8.2% from the August 15th total of 9,700 shares. Based on an average trading volume of 18,700 shares, the short-interest ratio is currently 0.5 days.

Kumba Iron Ore Price Performance

Shares of OTCMKTS KIROY opened at $7.18 on Tuesday. The firm’s 50-day moving average price is $8.61 and its two-hundred day moving average price is $10.95. Kumba Iron Ore has a 52-week low of $6.97 and a 52-week high of $15.75.

Kumba Iron Ore Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, September 1st. Shareholders of record on Friday, August 19th were issued a $0.4319 dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 9.88%.

Kumba Iron Ore Company Profile

(Get Rating)

Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore primarily in South Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province. The company also operates a port in Saldanha Bay in the Western Cape Province.

Further Reading

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