Short Interest in Kumba Iron Ore Limited (OTCMKTS:KUMBF) Declines By 31.0%

Kumba Iron Ore Limited (OTCMKTS:KUMBF) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 11,104 shares, a decrease of 31.0% from the February 12th total of 16,098 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Kumba Iron Ore Stock Performance

Shares of KUMBF stock opened at $21.74 on Friday. Kumba Iron Ore has a 1-year low of $19.90 and a 1-year high of $21.74. The stock’s fifty day simple moving average is $21.70 and its 200-day simple moving average is $20.68.

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.