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

Kumba Iron Ore Limited (OTCMKTS:KIROY) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 10,900 shares, an increase of 23.9% from the March 31st total of 8,800 shares. Based on an average daily volume of 3,200 shares, the short-interest ratio is currently 3.4 days.

Kumba Iron Ore Stock Down 4.7 %

Shares of KIROY traded down $0.40 during mid-day trading on Tuesday, reaching $8.20. The company had a trading volume of 4,032 shares, compared to its average volume of 8,591. Kumba Iron Ore has a fifty-two week low of $6.92 and a fifty-two week high of $11.16. The firm has a fifty day simple moving average of $8.56 and a 200-day simple moving average of $9.42.

Kumba Iron Ore Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.316 dividend. The ex-dividend date was Thursday, March 14th. This is a boost from Kumba Iron Ore’s previous dividend of $0.30.

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.