Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 34,843 shares, a decline of 43.6% from the June 30th total of 61,815 shares. Based on an average trading volume of 234 shares, the short-interest ratio is currently 148.9 days.
Kumba Iron Ore Stock Performance
Shares of KUMBF remained flat at $19.77 during mid-day trading on Wednesday. The firm has a 50-day simple moving average of $19.77 and a two-hundred day simple moving average of $19.93. Kumba Iron Ore has a 52-week low of $17.56 and a 52-week high of $21.74.
About Kumba Iron Ore
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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