Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Significant Drop in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 5,900 shares, a drop of 65.9% from the March 15th total of 17,300 shares. Based on an average daily trading volume, of 17,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Kumba Iron Ore Stock Performance

Shares of KIROY traded up $0.24 during trading hours on Friday, reaching $5.47. 1,289 shares of the company's stock traded hands, compared to its average volume of 7,192. Kumba Iron Ore has a 12 month low of $4.78 and a 12 month high of $10.15. The firm's 50 day simple moving average is $6.20 and its 200-day simple moving average is $6.38.

Kumba Iron Ore Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.3586 dividend. This is a positive change from Kumba Iron Ore's previous dividend of $0.25. The ex-dividend date of this dividend was Friday, March 14th.

About Kumba Iron Ore

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.