Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Up 109.1% in December

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a large increase in short interest in December. As of December 31st, there was short interest totalling 11,500 shares, an increase of 109.1% from the December 15th total of 5,500 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 1.6 days.

Kumba Iron Ore Stock Performance

OTCMKTS:KIROY traded up $0.03 during trading hours on Thursday, reaching $6.43. 12,286 shares of the company were exchanged, compared to its average volume of 2,899. Kumba Iron Ore has a twelve month low of $5.57 and a twelve month high of $10.34. The stock’s 50-day moving average is $6.20 and its 200-day moving average is $6.79.

Kumba Iron Ore Company Profile

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.