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

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 170,650 shares, a growth of 1,669.7% from the June 15th total of 9,643 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 228,402 shares, the days-to-cover ratio is presently 0.7 days.

Kumba Iron Ore Stock Performance

Shares of Kumba Iron Ore stock traded up $0.36 on Friday, hitting $5.99. 34,072 shares of the company’s stock traded hands, compared to its average volume of 97,641. The firm’s 50-day moving average price is $6.29 and its two-hundred day moving average price is $6.81. Kumba Iron Ore has a one year low of $5.44 and a one year high of $8.47.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.