Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Sees Significant Decrease in Short Interest

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 54,504 shares, a drop of 68.1% from the June 30th total of 170,650 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 193,035 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, Zacks Research raised Kumba Iron Ore to a “hold” rating in a research report on Thursday, May 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Kumba Iron Ore has a consensus rating of “Hold”.

Kumba Iron Ore Stock Performance

Shares of KIROY opened at $5.31 on Friday. Kumba Iron Ore has a twelve month low of $5.08 and a twelve month high of $8.47. The firm’s fifty day simple moving average is $6.09 and its 200-day simple moving average is $6.71.

Kumba Iron Ore Company Profile

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.