Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,118 shares, a decrease of 92.7% from the July 30th total of 42,683 shares. Based on an average trading volume of 19,813 shares, the days-to-cover ratio is presently 0.2 days.
Kumba Iron Ore Price Performance
Kumba Iron Ore stock remained flat at $19.30 during midday trading on Wednesday. The company’s fifty day moving average is $19.75 and its two-hundred day moving average is $19.64. Kumba Iron Ore has a 1 year low of $17.56 and a 1 year high of $21.74.
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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