Short Interest in Rio Tinto Group (OTCMKTS:RTNTF) Drops By 12.9%

Rio Tinto Group (OTCMKTS:RTNTF) saw a large drop in short interest in September. As of September 15th, there was short interest totalling 518,700 shares, a drop of 12.9% from the August 31st total of 595,500 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 129.7 days.

Rio Tinto Group Stock Performance

Shares of Rio Tinto Group stock opened at $90.16 on Friday. The firm’s 50 day simple moving average is $75.26 and its two-hundred day simple moving average is $79.96. Rio Tinto Group has a 12-month low of $69.49 and a 12-month high of $94.30.

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.