Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Down 7.3% in August

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 5,100 shares, a decrease of 7.3% from the August 15th total of 5,500 shares. Based on an average daily trading volume, of 5,500 shares, the days-to-cover ratio is currently 0.9 days.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upgraded shares of Kumba Iron Ore from an “underweight” rating to a “neutral” rating in a report on Thursday, September 14th.

Kumba Iron Ore Stock Performance

Shares of KIROY stock opened at $8.24 on Tuesday. Kumba Iron Ore has a 12-month low of $6.30 and a 12-month high of $10.90. The firm’s 50 day moving average is $7.84 and its 200 day moving average is $8.12.

Kumba Iron Ore Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were issued a $0.3018 dividend. The ex-dividend date was Thursday, August 17th. This is a boost from Kumba Iron Ore’s previous dividend of $0.22.

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 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.