Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 5,500 shares, a drop of 26.7% from the November 30th total of 7,500 shares. Based on an average trading volume of 4,100 shares, the days-to-cover ratio is presently 1.3 days.
Kumba Iron Ore Trading Down 0.6 %
Kumba Iron Ore stock traded down $0.26 during midday trading on Friday, reaching $5.94. 504 shares of the company's stock were exchanged, compared to its average volume of 6,956. The stock's 50-day simple moving average is $6.40 and its 200 day simple moving average is $7.01. Kumba Iron Ore has a 52 week low of $5.57 and a 52 week high of $10.50.
Kumba Iron Ore Company Profile
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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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