Kumba Iron Ore Limited (OTCMKTS:KUMBF) Sees Large Increase in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KUMBF) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 18,627 shares, a growth of 21.8% from the December 31st total of 15,294 shares. Based on an average daily volume of 80 shares, the short-interest ratio is currently 232.8 days. Based on an average daily volume of 80 shares, the short-interest ratio is currently 232.8 days.

Kumba Iron Ore Price Performance

Kumba Iron Ore stock opened at $21.74 on Thursday. The company has a fifty day simple moving average of $21.14 and a 200-day simple moving average of $20.33. Kumba Iron Ore has a 52-week low of $19.90 and a 52-week high of $21.74.

Kumba Iron Ore Company Profile

Kumba Iron Ore (OTCMKTS: KUMBF) is a leading South African iron ore producer, primarily engaged in the mining, beneficiation and marketing of seaborne iron ore. The company is listed on the JSE Limited and trades in the United States on the OTC Markets under the symbol KUMBF. As a subsidiary of Anglo American plc, Kumba Iron Ore focuses on extracting premium grades of hematite ore, which serve as key feedstock for global steelmakers.

The company’s core operations are concentrated in the Northern Cape Province of South Africa, where it operates two flagship open-pit mines: Sishen and Kolomela.