() experienced a significant increase in short interest during the month of may. On May 31st there were 8,100 shorted shares. This is a 32.8% increase from the 6,100 shares on May 15th. The short-interest rate is currently 0.6 days based on an average daily volume of 14,100 shares.
Kumba Iron Ore Trading Up 5.2 %
On Thursday, the stock rose $0.48 to $9.71. The company's shares were traded at a volume of 36,635 versus its average of 5,809. The company has a moving average of $8.23 for the last 50 days and $9.01 for the 200 day moving average. Recent research has been conducted by several analysts. Investec upgraded Kumba Iron Ore's rating from a sell' to a buy' in a report published on April 4th. HSBC upgraded shares of Kumba Iron Ore to a hold' rating from a reduce' ranking in a report published on Friday, April 21, 2019.
Kumba Iron Ore Company profile
Kumba Iron Ore Ltd. is engaged in the production and sale of iron ore. It is divided into five segments: Sishen Mines, Kolomela Mines, Logistics, Shipping Operations and Other. The Sishen Mine segment and Kolomela Mine segment are focused on iron ore extraction and production. The Logistics and Shipping Operation Segment deals with rail and railed tariffs.
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