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

Key Points

• Kumba Iron Ore Ltd. experienced a significant increase in short interest, rising by 103.8% in July, reaching a total of 16,100 shares as of July 31st.
• HSBC has downgraded Kumba Iron Ore's shares to a "hold" rating, indicating a cautious outlook from analysts.
• The stock is currently trading at $5.80, close to its 12-month low of $4.78 and high of $7.90.

Kumba Iron Ore Ltd. (OTCMKTS:KIROY - Get Free Report) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 16,100 shares, agrowthof103.8% from the July 15th total of 7,900 shares. Based on an average daily volume of 5,900 shares, the short-interest ratio is presently 2.7 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,900 shares, the short-interest ratio is presently 2.7 days.

Wall Street Analysts Forecast Growth

Separately, HSBC downgraded shares of Kumba Iron Ore to a "hold" rating in a report on Monday, July 28th.

Kumba Iron Ore Price Performance

Shares of OTCMKTS:KIROY remained flat at $5.80 during trading on Friday. 60 shares of the stock were exchanged, compared to its average volume of 2,159. Kumba Iron Ore has a 12 month low of $4.78 and a 12 month high of $7.90. The firm's 50 day moving average is $5.70 and its two-hundred day moving average is $5.93.

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.

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