Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,498 shares, a drop of 53.1% from the September 15th total of 11,733 shares. Based on an average daily trading volume, of 6,457 shares, the short-interest ratio is currently 0.9 days.
Kumba Iron Ore Stock Performance
Shares of Kumba Iron Ore stock remained flat at $13.81 during mid-day trading on Thursday. Kumba Iron Ore has a 12 month low of $13.81 and a 12 month high of $21.74. The firm has a fifty day moving average of $17.33 and a 200-day moving average of $18.43.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore mining company that produces and markets iron ore for the global steel industry. Its products include high-grade iron ore lump and fine products, which are used by steelmakers in blast-furnace and direct-reduction processes.
The company operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Kumba transports its production by rail to the Port of Saldanha Bay on the west coast, where the ore is exported to international customers.
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