Kumba Iron Ore Ltd. (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Ltd. (OTCMKTS:KIROY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 170,650 shares, a growth of 1,669.7% from the June 15th total of 9,643 shares. Based on an average trading volume of 228,402 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s shares are sold short.

Kumba Iron Ore Trading Up 6.4%

Kumba Iron Ore stock traded up $0.36 during midday trading on Friday, reaching $5.99. The company’s stock had a trading volume of 34,072 shares, compared to its average volume of 97,641. Kumba Iron Ore has a 52-week low of $5.44 and a 52-week high of $8.47. The stock’s 50-day simple moving average is $6.29 and its 200-day simple moving average is $6.81.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Kumba Iron Ore to a “hold” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold”.

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.