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

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

Rio Tinto Group Stock Down 0.7 %

OTCMKTS:RTNTF traded down $0.52 during mid-day trading on Monday, reaching $78.83. The stock had a trading volume of 100 shares, 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 stock’s 50 day simple moving average is $84.69 and its two-hundred day simple moving average is $84.24.

About Rio Tinto Group

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.