Kumba Iron Ore Limited (OTCMKTS:KUMBF) Sees Significant Decrease in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KUMBF) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 34,843 shares, a decline of 43.6% from the June 30th total of 61,815 shares. Based on an average trading volume of 234 shares, the short-interest ratio is presently 148.9 days.

Kumba Iron Ore Stock Performance

Shares of KUMBF stock remained flat at $19.77 on Wednesday. Kumba Iron Ore has a 12-month low of $17.56 and a 12-month high of $21.74. The company has a 50-day simple moving average of $19.77 and a 200-day simple moving average of $19.93.

About Kumba Iron Ore

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.