Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 55,413 shares, a growth of 923.7% from the April 15th total of 5,413 shares. Based on an average trading volume of 40 shares, the short-interest ratio is presently 1,385.3 days.
Kumba Iron Ore Stock Performance
Kumba Iron Ore stock opened at $17.56 on Tuesday. The stock’s 50 day moving average is $18.93 and its 200 day moving average is $20.20. Kumba Iron Ore has a twelve month low of $17.56 and a twelve month high of $21.74.
Kumba Iron Ore Company Profile
Kumba Iron Ore (OTCMKTS: KUMBF) is a leading South African iron ore producer, primarily engaged in the mining, beneficiation and marketing of seaborne iron ore. The company is listed on the JSE Limited and trades in the United States on the OTC Markets under the symbol KUMBF. As a subsidiary of Anglo American plc, Kumba Iron Ore focuses on extracting premium grades of hematite ore, which serve as key feedstock for global steelmakers.
The company’s core operations are concentrated in the Northern Cape Province of South Africa, where it operates two flagship open-pit mines: Sishen and Kolomela.
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