Rio Tinto Group (OTCMKTS:RTNTF) Sees Significant Drop in Short Interest

Rio Tinto Group (OTCMKTS:RTNTF) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 764,800 shares, a decrease of 17.4% from the May 31st total of 926,200 shares. Based on an average trading volume of 400 shares, the days-to-cover ratio is currently 1,912.0 days.

Rio Tinto Group Trading Down 0.7 %

Shares of Rio Tinto Group stock traded down $0.52 during trading on Monday, hitting $78.83. 100 shares of the company’s stock traded hands, compared to its average volume of 593. Rio Tinto Group has a 1 year low of $65.05 and a 1 year high of $94.30. The business has a 50-day simple moving average of $84.69 and a 200-day simple moving average of $84.24.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.