Kumba Iron Ore Limited (OTCMKTS:KUMBF) Short Interest Up 60.3% in December

Kumba Iron Ore Limited (OTCMKTS:KUMBF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 541,800 shares, an increase of 60.3% from the November 30th total of 337,900 shares. Based on an average trading volume of 0 shares, the short-interest ratio is currently ∞ days.

Kumba Iron Ore Price Performance

OTCMKTS KUMBF remained flat at $24.05 on Friday. The firm’s fifty day moving average is $24.04 and its two-hundred day moving average is $23.99. Kumba Iron Ore has a twelve month low of $23.52 and a twelve month high of $30.00.

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.