Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) was the recipient of a large decline in short interest in May. As of May 31st, there was short interest totalling 7,500 shares, a decline of 74.1% from the May 15th total of 29,000 shares. Based on an average daily trading volume, of 7,000 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.0% of the company's stock are short sold.
Kumba Iron Ore Trading Down 2.0%
Shares of Kumba Iron Ore stock traded down $0.12 during trading hours on Friday, reaching $5.55. 374 shares of the company's stock were exchanged, compared to its average volume of 5,962. The company has a 50 day moving average of $5.61 and a two-hundred day moving average of $6.10. Kumba Iron Ore has a fifty-two week low of $4.78 and a fifty-two week high of $8.84.
About Kumba Iron Ore
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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.
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