Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 55,413 shares, an increase of 923.7% from the April 15th total of 5,413 shares. Based on an average daily trading volume, of 40 shares, the days-to-cover ratio is currently 1,385.3 days.
Kumba Iron Ore Stock Performance
Shares of KUMBF stock remained flat at $17.56 during trading hours on Wednesday. The company’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $20.18. Kumba Iron Ore has a 12-month low of $17.56 and a 12-month high of $21.74.
Kumba Iron Ore Company Profile
Kumba Iron Ore (OTCMKTS: KUMBF) is a leading South African iron ore producer, primarily engaged in the mining, beneficiation and marketing of seaborne iron ore. The company is listed on the JSE Limited and trades in the United States on the OTC Markets under the symbol KUMBF. As a subsidiary of Anglo American plc, Kumba Iron Ore focuses on extracting premium grades of hematite ore, which serve as key feedstock for global steelmakers.
The company’s core operations are concentrated in the Northern Cape Province of South Africa, where it operates two flagship open-pit mines: Sishen and Kolomela.
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