Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Up 29.6% in March

Kumba Iron Ore Limited (OTCMKTS:KIROYGet Free Report) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 7,000 shares, a growth of 29.6% from the February 29th total of 5,400 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 3.5 days.

Kumba Iron Ore Stock Up 1.5 %

Kumba Iron Ore stock opened at $8.16 on Monday. The stock has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $9.37. Kumba Iron Ore has a 12-month low of $6.92 and a 12-month high of $11.16.

Kumba Iron Ore Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.316 per share. This is a boost from Kumba Iron Ore’s previous dividend of $0.30. The ex-dividend date of this dividend was Thursday, March 14th.

Kumba Iron Ore Company Profile

(Get Free Report)

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, China, rest of Asia, Europe, the Middle East, North Africa, and the Americas. The company produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.

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