Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Large Increase in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, a growth of 147.1% from the February 28th total of 7,000 shares. Based on an average daily volume of 15,000 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the company's stock are short sold.

Kumba Iron Ore Trading Down 3.3 %

Shares of OTCMKTS KIROY traded down $0.20 during midday trading on Tuesday, hitting $5.80. The company's stock had a trading volume of 9,442 shares, compared to its average volume of 4,469. Kumba Iron Ore has a 1 year low of $5.57 and a 1 year high of $10.15. The business's fifty day simple moving average is $6.61 and its two-hundred day simple moving average is $6.56.

Kumba Iron Ore Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.3586 dividend. This is an increase from Kumba Iron Ore's previous dividend of $0.25. The ex-dividend date was Friday, March 14th.

Kumba Iron Ore Company Profile

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.