Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 16,098 shares, a decline of 13.8% from the January 29th total of 18,679 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Kumba Iron Ore Price Performance
Shares of KUMBF opened at $21.74 on Wednesday. The firm’s fifty day moving average is $21.62 and its two-hundred day moving average is $20.58. 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.
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