Kumba Iron Ore Limited (OTCMKTS:KIROY) Sees Large Increase in Short Interest

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

Kumba Iron Ore Trading Up 1.4 %

Shares of KIROY traded up $0.10 during mid-day trading on Tuesday, reaching $7.27. The company had a trading volume of 511 shares, compared to its average volume of 5,801. Kumba Iron Ore has a twelve month low of $6.00 and a twelve month high of $11.16. The company’s 50-day moving average is $6.89 and its 200-day moving average is $7.87.

Kumba Iron Ore Cuts Dividend

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