Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 54,504 shares, a drop of 68.1% from the June 30th total of 170,650 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 193,035 shares, the days-to-cover ratio is currently 0.3 days.

Analysts Set New Price Targets

Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Kumba Iron Ore Price Performance

Shares of OTCMKTS:KIROY traded down $0.04 during trading on Monday, reaching $5.27. 35,324 shares of the company’s stock traded hands, compared to its average volume of 29,273. Kumba Iron Ore has a 12 month low of $5.08 and a 12 month high of $8.47. The company has a 50 day moving average of $6.09 and a 200-day moving average of $6.71.

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.