Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the target of a large growth in short interest in 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 volume of 7,200 shares, the short-interest ratio is currently 1.6 days.

Kumba Iron Ore Trading Up 0.5 %

Shares of KIROY traded up $0.03 during midday trading on Thursday, hitting $6.43. 12,286 shares of the company traded hands, compared to its average volume of 2,898. Kumba Iron Ore has a one year low of $5.57 and a one year high of $10.34. The stock has a 50-day moving average of $6.22 and a 200-day moving average of $6.79.

About Kumba Iron Ore

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.