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

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

Kumba Iron Ore Trading Down 4.7 %

Shares of KIROY stock traded down $0.40 during mid-day trading on Tuesday, reaching $8.20. The company’s stock had a trading volume of 4,032 shares, compared to its average volume of 8,591. The firm’s 50-day moving average is $8.56 and its two-hundred day moving average is $9.42. Kumba Iron Ore has a 1-year low of $6.92 and a 1-year high of $11.16.

Kumba Iron Ore Increases Dividend

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

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.