Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 9,046 shares, a decline 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 presently ∞ days.
Kumba Iron Ore Stock Performance
Shares of OTCMKTS KUMBF remained flat at $19.77 during trading hours on Friday. The stock had a trading volume of 2 shares, compared to its average volume of 243. Kumba Iron Ore has a 52-week low of $17.56 and a 52-week high of $21.74. The firm’s 50 day moving average is $18.56 and its 200 day moving average is $20.13.
About Kumba Iron Ore
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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