Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Sees Significant Drop in Short Interest

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 14,286 shares, a decline of 67.4% from the January 29th total of 43,821 shares. Based on an average trading volume of 16,052 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are sold short. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 16,052 shares, the days-to-cover ratio is presently 0.9 days.

Kumba Iron Ore Price Performance

OTCMKTS:KIROY traded down $0.02 during trading hours on Thursday, hitting $7.58. 2,185 shares of the stock traded hands, compared to its average volume of 8,749. The firm has a 50 day moving average price of $7.52 and a 200 day moving average price of $6.73. Kumba Iron Ore has a fifty-two week low of $4.78 and a fifty-two week high of $8.47.

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.