Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 5,498 shares, a drop of 53.1% from the September 15th total of 11,733 shares. Based on an average daily trading volume, of 6,457 shares, the short-interest ratio is presently 0.9 days.
Kumba Iron Ore Price Performance
Shares of Kumba Iron Ore stock opened at $13.81 on Tuesday. Kumba Iron Ore has a 52 week low of $13.81 and a 52 week high of $21.74. The business has a 50 day moving average price of $17.57 and a 200-day moving average price of $18.48.
About Kumba Iron Ore
Kumba Iron Ore Limited is a South African iron ore producer that explores for, mines, processes and markets iron ore. The company supplies iron ore products, including high-grade lump and fine ore, primarily for use in steelmaking.
Kumba operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. These operations produce ore that is transported by rail to the port of Saldanha Bay for export to international customers, while the company also serves domestic markets.
The company was established following the 2006 unbundling of Kumba Resources and is majority-owned by Anglo American plc.
Further Reading
- Five stocks we like better than Kumba Iron Ore
- A Silent Winner: Texas Instruments Anchors the AI Supercycle
- Amazon’s $220 Billion AI Bet Is Getting Bigger—Can Earnings Justify the Spending?
- Enlisting Capital: Wolfspeed’s Defense Deal
- Ag Equipment’s Recovery Trade Meets Washington’s Scrutiny
Receive News & Ratings for Kumba Iron Ore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kumba Iron Ore and related companies with MarketBeat.com's FREE daily email newsletter.
