Kumba Iron Ore Limited (OTCMKTS:KUMBF) Short Interest Up 606.8% in June

by · The Markets Daily

Kumba Iron Ore Limited (OTCMKTS:KUMBF – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 61,815 shares, an increase of 606.8% from the June 15th total of 8,746 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Kumba Iron Ore Price Performance

KUMBF remained flat at $19.77 on Friday. Kumba Iron Ore has a one year low of $17.56 and a one year high of $21.74. The stock has a 50 day simple moving average of $19.37 and a two-hundred day simple moving average of $20.05.

About Kumba Iron Ore

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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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