Short Interest in Kumba Iron Ore Limited (OTCMKTS:KUMBF) Declines By 67.0%

Kumba Iron Ore Limited (OTCMKTS:KUMBF) was the recipient of a large decrease in short interest in the month of April. As of April 15th, there was short interest totaling 5,413 shares, a decrease of 67.0% from the March 31st total of 16,384 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days.

Kumba Iron Ore Price Performance

OTCMKTS KUMBF opened at $17.76 on Friday. The business’s fifty day moving average price is $19.67 and its 200-day moving average price is $20.34. Kumba Iron Ore has a 1-year low of $17.76 and a 1-year high of $21.74.

Kumba Iron Ore Company Profile

Kumba Iron Ore (OTCMKTS: KUMBF) is a leading South African iron ore producer, primarily engaged in the mining, beneficiation and marketing of seaborne iron ore. The company is listed on the JSE Limited and trades in the United States on the OTC Markets under the symbol KUMBF. As a subsidiary of Anglo American plc, Kumba Iron Ore focuses on extracting premium grades of hematite ore, which serve as key feedstock for global steelmakers.

The company’s core operations are concentrated in the Northern Cape Province of South Africa, where it operates two flagship open-pit mines: Sishen and Kolomela.