Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Expands By 72.9%

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 12,790 shares, a growth of 72.9% from the December 15th total of 7,396 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 10,451 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 10,451 shares, the short-interest ratio is currently 1.2 days. Approximately 0.0% of the company’s stock are short sold.

Kumba Iron Ore Stock Performance

Shares of KIROY stock traded down $0.03 on Thursday, reaching $7.30. 5,456 shares of the company’s stock traded hands, compared to its average volume of 7,946. Kumba Iron Ore has a 12-month low of $4.78 and a 12-month high of $7.70. The business’s 50 day moving average price is $6.86 and its two-hundred day moving average price is $6.33.

Kumba Iron Ore Company Profile

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.