Kumba Iron Ore Limited (OTCMKTS:KIROY) Short Interest Update

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 17,300 shares, an increase of 147.1% from the February 28th total of 7,000 shares. Based on an average daily trading volume, of 15,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.0% of the shares of the stock are short sold.

Kumba Iron Ore Stock Performance

Shares of Kumba Iron Ore stock traded down $0.50 during trading on Friday, reaching $6.00. The company’s stock had a trading volume of 3,252 shares, compared to its average volume of 4,461. Kumba Iron Ore has a one year low of $5.57 and a one year high of $10.15. The stock has a 50-day moving average price of $6.62 and a two-hundred day moving average price of $6.56.

Kumba Iron Ore Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.3586 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Kumba Iron Ore’s previous dividend of $0.25.

About Kumba Iron Ore

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.