Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 48,374 shares, a growth of 360.2% from the July 30th total of 10,512 shares. Based on an average daily volume of 48,790 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Kumba Iron Ore has an average rating of “Hold”.

Kumba Iron Ore Trading Down 1.2%

Shares of Kumba Iron Ore stock traded down $0.06 during trading hours on Wednesday, hitting $5.10. 19,674 shares of the company’s stock traded hands, compared to its average volume of 29,597. Kumba Iron Ore has a 12-month low of $5.01 and a 12-month high of $8.47. The company has a fifty day simple moving average of $5.62 and a 200-day simple moving average of $6.35.

Kumba Iron Ore Company Profile

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.