Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 5,600 shares, a growth of 9.8% from the September 15th total of 5,100 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is presently 1.1 days.
Kumba Iron Ore Trading Down 4.9 %
Shares of OTCMKTS:KIROY traded down $0.36 during midday trading on Tuesday, reaching $6.91. The company had a trading volume of 892 shares, compared to its average volume of 5,772. The company has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $7.87. Kumba Iron Ore has a 1-year low of $6.00 and a 1-year high of $11.16.
Kumba Iron Ore Cuts Dividend
The company also recently declared a dividend, which was paid on Thursday, August 29th. Stockholders of record on Friday, August 16th were issued a dividend of $0.2528 per share. The ex-dividend date of this dividend was Friday, August 16th.
About Kumba Iron Ore
(
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Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.
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