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

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 6,012 shares, a decline of 46.7% from the April 30th total of 11,270 shares. Based on an average trading volume of 13,589 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Kumba Iron Ore Price Performance

KIROY traded up $0.10 during trading hours on Wednesday, reaching $6.51. 1,782 shares of the company’s stock traded hands, compared to its average volume of 11,558. The firm has a 50-day moving average price of $6.46 and a 200 day moving average price of $6.93. Kumba Iron Ore has a 52-week low of $5.09 and a 52-week high of $8.47.

About Kumba Iron Ore

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.