Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,498 shares, a decline of 53.1% from the September 15th total of 11,733 shares. Based on an average daily volume of 6,457 shares, the short-interest ratio is presently 0.9 days.
Kumba Iron Ore Price Performance
Kumba Iron Ore stock opened at $13.81 on Tuesday. Kumba Iron Ore has a one year low of $13.81 and a one year high of $21.74. The business has a fifty day moving average price of $17.57 and a 200-day moving average price of $18.48.
About Kumba Iron Ore
Kumba Iron Ore Limited is a South African iron ore producer that explores for, mines, processes and markets iron ore. The company supplies iron ore products, including high-grade lump and fine ore, primarily for use in steelmaking.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. These operations produce ore that is transported by rail to the port of Saldanha Bay for export to international customers, while the company also serves domestic markets.
The company was established following the 2006 unbundling of Kumba Resources and is majority-owned by Anglo American plc.
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