Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 5,498 shares, a decline of 53.1% from the September 15th total of 11,733 shares. Based on an average trading volume of 6,457 shares, the days-to-cover ratio is currently 0.9 days.
Kumba Iron Ore Price Performance
Shares of OTCMKTS KUMBF remained flat at $13.81 during midday trading on Wednesday. The company’s 50 day moving average is $17.45 and its 200 day moving average is $18.46. Kumba Iron Ore has a 12-month low of $13.81 and a 12-month high of $21.74.
Kumba Iron Ore Company Profile
Kumba Iron Ore Limited is a South African iron ore mining company that produces and markets iron ore for the global steel industry. Its products include high-grade iron ore lump and fine products, which are used by steelmakers in blast-furnace and direct-reduction processes.
The company operates the Sishen and Kolomela mines in South Africa’s Northern Cape province. Kumba transports its production by rail to the Port of Saldanha Bay on the west coast, where the ore is exported to international customers.
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