Rio Tinto Group (OTCMKTS:RTNTF) Sees Large Growth in Short Interest

Rio Tinto Group (OTCMKTS:RTNTF) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 794,000 shares, an increase of 18.3% from the September 30th total of 671,400 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is presently 1,323.3 days.

Rio Tinto Group Stock Performance

RTNTF remained flat at $77.00 on Wednesday. 96 shares of the company were exchanged, compared to its average volume of 724. Rio Tinto Group has a twelve month low of $70.39 and a twelve month high of $94.30. The firm’s fifty day simple moving average is $78.82 and its two-hundred day simple moving average is $80.60.

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.