Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Grows By 72.9%

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 12,790 shares, a growth of 72.9% from the December 15th total of 7,396 shares. Based on an average trading volume of 10,451 shares, the short-interest ratio is presently 1.2 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 10,451 shares, the short-interest ratio is presently 1.2 days.

Kumba Iron Ore Stock Performance

Shares of OTCMKTS:KIROY opened at $7.30 on Friday. The company’s fifty day moving average is $6.88 and its 200-day moving average is $6.34. Kumba Iron Ore has a 52 week low of $4.78 and a 52 week high of $7.70.

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.