Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Large Increase in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 11,500 shares, a growth of 109.1% from the December 15th total of 5,500 shares. Based on an average daily trading volume, of 7,200 shares, the short-interest ratio is presently 1.6 days.

Kumba Iron Ore Trading Up 0.5 %

OTCMKTS:KIROY traded up $0.03 during trading hours on Thursday, reaching $6.43. 12,286 shares of the stock were exchanged, compared to its average volume of 2,899. Kumba Iron Ore has a twelve month low of $5.57 and a twelve month high of $10.34. The firm has a 50 day moving average of $6.20 and a 200 day moving average of $6.79.

Kumba Iron Ore Company Profile

Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.