Short Interest in Kumba Iron Ore Limited (OTCMKTS:KIROY) Grows By 166.1%

Kumba Iron Ore Limited (OTCMKTS:KIROY - Get Free Report) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 15,700 shares, an increase of 166.1% from the March 31st total of 5,900 shares. Based on an average trading volume of 43,200 shares, the short-interest ratio is currently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

Kumba Iron Ore Stock Up 1.9 %

Kumba Iron Ore stock traded up $0.11 during trading hours on Thursday, hitting $5.96. 966 shares of the stock traded hands, compared to its average volume of 6,923. Kumba Iron Ore has a 1 year low of $4.78 and a 1 year high of $10.15. The firm's 50 day moving average price is $6.03 and its 200-day moving average price is $6.29.

Kumba Iron Ore Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were given a dividend of $0.3586 per share. This is a boost from Kumba Iron Ore's previous dividend of $0.25. The ex-dividend date of this dividend was Friday, March 14th.

Kumba Iron Ore Company Profile

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.