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

Rio Tinto Group (OTCMKTS:RTNTF) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 764,800 shares, a decline 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 Price Performance

RTNTF stock opened at $78.83 on Tuesday. Rio Tinto Group has a 1 year low of $65.05 and a 1 year high of $94.30. The firm has a 50-day moving average of $84.58 and a 200 day moving average of $84.20.

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.