Rio Tinto Group (OTCMKTS:RTNTF) Stock Short Interest Report for October

Rio Tinto Group (OTCMKTS:RTNTF) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 74,661 shares, a drop of 53.8% from the September 30th total of 161,452 shares. Based on an average daily volume of 114 shares, the days-to-cover ratio is presently 654.9 days.

Rio Tinto Group Price Performance

Rio Tinto Group stock opened at $105.29 on Friday. Rio Tinto Group has a 52-week low of $81.39 and a 52-week high of $133.85. The firm has a 50-day moving average price of $117.29 and a two-hundred day moving average price of $117.20.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Rio Tinto Group stock. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Rio Tinto Group (OTCMKTS:RTNTF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,133 shares of the company’s stock, valued at approximately $108,000. Institutional investors and hedge funds own 4.35% of the company’s stock.

About Rio Tinto Group

Rio Tinto Group is a global mining and metals company engaged in the exploration, development, production and processing of mineral resources. Its principal products include iron ore, aluminum, copper, lithium and other minerals used in construction, manufacturing, transportation and energy technologies.

The company operates an integrated portfolio that includes iron ore mines and infrastructure in Australia, bauxite mines and alumina refineries in Australia, and aluminum smelters in several countries.