Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Sees Significant Increase in Short Interest

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

Kumba Iron Ore Price Performance

Shares of OTCMKTS KIROY opened at $6.10 on Friday. The stock’s 50-day moving average is $7.30 and its 200 day moving average is $6.86. Kumba Iron Ore has a 1-year low of $4.78 and a 1-year high of $8.47.

Kumba Iron Ore Company Profile

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.