Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 61,815 shares, a growth of 606.8% from the June 15th total of 8,746 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.
Kumba Iron Ore Price Performance
Shares of Kumba Iron Ore stock remained flat at $19.77 on Monday. Kumba Iron Ore has a 12 month low of $17.56 and a 12 month high of $21.74. The business’s 50-day moving average price is $19.37 and its two-hundred day moving average price is $20.05.
About Kumba Iron Ore
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.
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