Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Down 80.7% in July

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 10,512 shares, a drop of 80.7% from the July 15th total of 54,504 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 151,637 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Kumba Iron Ore currently has an average rating of “Hold”.

Kumba Iron Ore Price Performance

Shares of KIROY opened at $5.39 on Wednesday. The firm has a 50-day moving average of $5.84 and a 200-day moving average of $6.54. Kumba Iron Ore has a one year low of $5.07 and a one year 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.