Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Rises By 360.2%

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 48,374 shares, a growth of 360.2% from the July 30th total of 10,512 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 48,790 shares, the days-to-cover ratio is presently 1.0 days.

Kumba Iron Ore Stock Up 0.8%

Shares of Kumba Iron Ore stock traded up $0.04 on Friday, reaching $5.09. 6,751 shares of the company were exchanged, compared to its average volume of 29,646. Kumba Iron Ore has a 1-year low of $4.99 and a 1-year high of $8.47. The company’s 50-day moving average is $5.56 and its two-hundred day moving average is $6.31.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.