Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Significant Growth in Short Interest

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 5,600 shares, an increase of 9.8% from the September 15th total of 5,100 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is currently 1.1 days.

Kumba Iron Ore Trading Down 0.7 %

Shares of KIROY stock opened at $6.86 on Thursday. Kumba Iron Ore has a 1 year low of $6.00 and a 1 year high of $11.16. The firm’s 50 day moving average is $6.89 and its 200-day moving average is $7.86.

Kumba Iron Ore Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 29th. Shareholders of record on Friday, August 16th were given a $0.2528 dividend. The ex-dividend date was Friday, August 16th.

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.