Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 29,633 shares, a decrease of 46.5% from the April 30th total of 55,413 shares. Based on an average trading volume of 31 shares, the days-to-cover ratio is currently 955.9 days.
Kumba Iron Ore Price Performance
KUMBF remained flat at $19.77 during trading on Monday. The firm has a 50 day moving average price of $18.24 and a 200 day moving average price of $20.14. Kumba Iron Ore has a twelve month low of $17.56 and a twelve month 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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