Short Interest in Kumba Iron Ore Limited (OTCMKTS:KIROY) Rises By 147.1%

Kumba Iron Ore Limited (OTCMKTS:KIROY) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 147.1% from the February 28th total of 7,000 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 15,000 shares, the short-interest ratio is presently 1.2 days.

Kumba Iron Ore Price Performance

OTCMKTS:KIROY opened at $6.50 on Friday. The business has a fifty day moving average of $6.63 and a 200-day moving average of $6.56. Kumba Iron Ore has a 1 year low of $5.57 and a 1 year high of $10.15.

Kumba Iron Ore Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a dividend of $0.3586 per share. This is a positive change from Kumba Iron Ore’s previous dividend of $0.25. The ex-dividend date of this dividend was Friday, March 14th.

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.