Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Down 80.7% in July

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 10,512 shares, a drop of 80.7% from the July 15th total of 54,504 shares. Based on an average daily volume of 151,637 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Kumba Iron Ore Price Performance

Shares of KIROY stock opened at $5.39 on Wednesday. Kumba Iron Ore has a 12 month low of $5.07 and a 12 month high of $8.47. The company’s fifty day simple moving average is $5.84 and its 200-day simple moving average is $6.54.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Kumba Iron Ore has an average rating of “Hold”.

About Kumba Iron Ore

Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.