Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Increases By 360.2%

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 48,374 shares, an increase of 360.2% from the July 30th total of 10,512 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 48,790 shares, the short-interest ratio is currently 1.0 days.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

Kumba Iron Ore Trading Down 0.6%

KIROY stock traded down $0.03 during mid-day trading on Thursday, reaching $5.08. 22,032 shares of the stock traded hands, compared to its average volume of 29,731. Kumba Iron Ore has a one year low of $4.99 and a one year high of $8.47. The business has a 50-day moving average price of $5.59 and a two-hundred day moving average price of $6.33.

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.