Short Interest in Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Grows By 52.3%

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 18,211 shares, a growth of 52.3% from the February 26th total of 11,955 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 11,843 shares, the short-interest ratio is currently 1.5 days.

Kumba Iron Ore Stock Performance

KIROY stock traded down $0.01 during trading on Friday, hitting $6.10. The company had a trading volume of 12,337 shares, compared to its average volume of 7,562. The business has a 50-day moving average of $7.30 and a 200-day moving average of $6.86. Kumba Iron Ore has a one year low of $4.78 and a one year high of $8.47.

About Kumba Iron Ore

Kumba Iron Ore, trading over the counter under the symbol KIROY, is one of South Africa’s leading iron ore producers. The company operates two primary open-pit mines—Sishen and Kolomela—located in the Northern Cape province. These operations focus on the extraction and processing of high-quality hematite ore, producing a range of lump and fine products that serve as essential feedstock for global steelmakers.

Established in 2001 following a demerger from parent companies, Kumba Iron Ore has grown its production capacity and operational efficiency through sustained investment in mining technology and infrastructure.