Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Sees Large Growth in Short Interest

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 43,821 shares, an increase of 238.6% from the January 15th total of 12,943 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 30,230 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily trading volume, of 30,230 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.0% of the company’s shares are sold short.

Kumba Iron Ore Trading Down 2.7%

Shares of KIROY traded down $0.22 during midday trading on Thursday, hitting $8.01. The stock had a trading volume of 10,218 shares, compared to its average volume of 10,681. The stock’s 50 day moving average is $7.36 and its 200 day moving average is $6.61. Kumba Iron Ore has a 1 year low of $4.78 and a 1 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.