Kumba Iron Ore Ltd. (OTCMKTS:KIROY – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 6,012 shares, a decline of 46.7% from the April 30th total of 11,270 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,589 shares, the days-to-cover ratio is presently 0.4 days.
Kumba Iron Ore Price Performance
OTCMKTS KIROY remained flat at $6.68 during trading hours on Monday. 302 shares of the company’s stock were exchanged, compared to its average volume of 5,643. The firm has a fifty day moving average price of $6.46 and a 200-day moving average price of $6.93. Kumba Iron Ore has a 52 week low of $5.09 and a 52 week high of $8.47.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a research note on Thursday. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold”.
About Kumba Iron Ore
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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