Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a large growth in short interest in September. As of September 30th, there was short interest totalling 3,900 shares, a growth of 875.0% from the September 15th total of 400 shares. Based on an average trading volume of 10,800 shares, the short-interest ratio is currently 0.4 days.
Several analysts recently commented on KIROY shares. Morgan Stanley reiterated an “underweight” rating on shares of Kumba Iron Ore in a research report on Wednesday. Citigroup upgraded shares of Kumba Iron Ore from a “sell” rating to a “neutral” rating in a report on Monday, September 27th. Finally, Bank of America lowered shares of Kumba Iron Ore from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 22nd.
OTCMKTS:KIROY opened at $11.63 on Thursday. Kumba Iron Ore has a fifty-two week low of $9.73 and a fifty-two week high of $18.06. The stock’s 50-day moving average is $13.79 and its two-hundred day moving average is $14.78.
Kumba Iron Ore Company Profile
Kumba Iron Ore Ltd. engages in the extraction, production, and sale iron ore. It operates through the following segments: Sishen Mine, Kolomela Mine, and Thabazimbi Mine Products; Logistics and Shipping Operation Services, and Other. The Sishen Mine, Kolomela Mine, and Thabazimbi Mine Products segment focuses on the extraction and production of iron ore.
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