Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 9,046 shares, a drop of 69.5% from the May 14th total of 29,633 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.
Kumba Iron Ore Price Performance
Shares of Kumba Iron Ore stock remained flat at $19.77 during midday trading on Friday. The business has a 50 day moving average price of $18.52 and a 200 day moving average price of $20.13. Kumba Iron Ore has a 12 month low of $17.56 and a 12 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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