Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Up 52.3% in March

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 18,211 shares, an increase of 52.3% from the February 26th total of 11,955 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 11,843 shares, the days-to-cover ratio is currently 1.5 days.

Kumba Iron Ore Price Performance

OTCMKTS:KIROY opened at $6.10 on Monday. Kumba Iron Ore has a 52 week low of $4.78 and a 52 week high of $8.47. The firm’s 50-day simple moving average is $7.30 and its 200 day simple moving average is $6.87.

About Kumba Iron Ore

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.