Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Up 19.2% in June

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a large growth in short interest in June. As of June 15th, there was short interest totalling 6,200 shares, a growth of 19.2% from the May 31st total of 5,200 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is currently 3.1 days.

Kumba Iron Ore Price Performance

KIROY traded down $0.09 during midday trading on Tuesday, hitting $8.16. 2,759 shares of the company traded hands, compared to its average volume of 1,007. The company’s 50-day moving average is $8.71 and its 200 day moving average is $9.14. Kumba Iron Ore has a 52 week low of $6.92 and a 52 week high of $11.16.

About Kumba Iron Ore

Kumba Iron Ore Limited, together with its subsidiaries, engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry primarily in South Africa, China, rest of Asia, Europe, the Middle East, and North Africa. It produces iron ore at Sishen and Kolomela mines in the Northern Cape Province.