Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 10,328 shares, a growth of 231.2% from the August 15th total of 3,118 shares. Based on an average daily trading volume, of 4,764 shares, the days-to-cover ratio is presently 2.2 days.
Kumba Iron Ore Stock Performance
OTCMKTS KUMBF remained flat at $19.30 on Friday. Kumba Iron Ore has a 52 week low of $17.56 and a 52 week high of $21.74. The stock’s fifty day moving average price is $19.63 and its 200-day moving average price is $19.42.
Kumba Iron Ore Company Profile
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.
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