Kumba Iron Ore Limited (OTCMKTS:KIROY – Get Free Report) was the target of a significant increase in short interest in 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 daily volume of 4,900 shares, the days-to-cover ratio is currently 1.1 days.
Kumba Iron Ore Stock Performance
Shares of OTCMKTS KIROY opened at $6.91 on Wednesday. Kumba Iron Ore has a fifty-two week low of $6.00 and a fifty-two week high of $11.16. The firm’s 50-day simple moving average is $6.89 and its 200 day simple moving average is $7.87.
Kumba Iron Ore Cuts Dividend
The firm also recently declared a dividend, which was paid on Thursday, August 29th. Shareholders of record on Friday, August 16th were issued 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.
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