Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Decreases By 19.0%

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 7,396 shares, a drop of 19.0% from the November 30th total of 9,127 shares. Based on an average daily trading volume, of 19,696 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 19,696 shares, the short-interest ratio is presently 0.4 days.

Kumba Iron Ore Price Performance

Kumba Iron Ore stock opened at $7.14 on Friday. Kumba Iron Ore has a twelve month low of $4.78 and a twelve month high of $7.23. The stock’s fifty day simple moving average is $6.70 and its 200-day simple moving average is $6.19.

Kumba Iron Ore Company Profile

Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.