Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 10,512 shares, a decrease of 80.7% from the July 15th total of 54,504 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 151,637 shares, the days-to-cover ratio is currently 0.1 days.
Kumba Iron Ore Price Performance
Shares of OTCMKTS KIROY traded up $0.06 during trading hours on Friday, hitting $5.20. 54,330 shares of the stock were exchanged, compared to its average volume of 29,697. Kumba Iron Ore has a one year low of $5.07 and a one year high of $8.47. The company’s 50 day moving average is $5.79 and its 200 day moving average is $6.50.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Kumba Iron Ore has a consensus rating of “Hold”.
Kumba Iron Ore Company Profile
Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.
Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.
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