Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the target of a significant decrease in short interest in July. As of July 15th, there was short interest totaling 34,843 shares, a decrease of 43.6% from the June 30th total of 61,815 shares. Based on an average trading volume of 234 shares, the days-to-cover ratio is currently 148.9 days.
Kumba Iron Ore Price Performance
OTCMKTS:KUMBF remained flat at $19.77 on Thursday. Kumba Iron Ore has a 1 year low of $17.56 and a 1 year high of $21.74. The stock’s fifty day moving average price is $19.77 and its 200-day moving average price is $19.91.
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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