Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Down 67.4% in February

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the target of a significant drop in short interest in February. As of February 13th, there was short interest totaling 14,286 shares, a drop of 67.4% from the January 29th total of 43,821 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 16,052 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 16,052 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the company’s shares are short sold.

Kumba Iron Ore Price Performance

OTCMKTS:KIROY remained flat at $7.58 during trading hours on Friday. 156 shares of the company’s stock traded hands, compared to its average volume of 7,194. The business’s fifty day simple moving average is $7.55 and its 200 day simple moving average is $6.75. Kumba Iron Ore has a 52 week low of $4.78 and a 52 week high of $8.47.

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.