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

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 54,504 shares, a drop of 68.1% from the June 30th total of 170,650 shares. Based on an average trading volume of 193,035 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Kumba Iron Ore Price Performance

Shares of KIROY stock opened at $5.31 on Friday. Kumba Iron Ore has a 52 week low of $5.08 and a 52 week high of $8.47. The firm has a 50 day moving average of $6.09 and a two-hundred day moving average of $6.71.

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.