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

Rio Tinto Group (OTCMKTS:RTNTF) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 296,985 shares, a growth of 231.4% from the May 31st total of 89,626 shares. Based on an average daily volume of 320 shares, the short-interest ratio is currently 928.1 days.

Rio Tinto Group Stock Performance

Shares of RTNTF stock remained flat at $129.57 on Monday. 55 shares of the stock traded hands, compared to its average volume of 927. The business has a 50-day simple moving average of $127.54 and a 200 day simple moving average of $113.74. Rio Tinto Group has a fifty-two week low of $63.55 and a fifty-two week high of $133.85.

Rio Tinto Group Company Profile

Rio Tinto Group is an Anglo-Australian multinational mining and metals company engaged in the exploration, development and production of a broad portfolio of commodities. The company’s primary products include iron ore, aluminum, copper, diamonds, gold, uranium, titanium dioxide and borates, with salt and industrial minerals also contributing to its output. Rio Tinto’s vertically integrated operations span the full value chain, encompassing extraction, processing, refining and marketing activities.

Founded in 1873 to develop copper reserves in the Rio Tinto region of Spain, the company has grown into one of the world’s largest mining groups.