Rio Tinto Group (OTCMKTS:RTNTF) Shares Shorted: Short Interest Up 85.3% in September

Rio Tinto Group (OTCMKTS:RTNTF) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 138,358 shares, an increase of 85.3% from the August 31st total of 74,680 shares. Based on an average trading volume of 411 shares, the short-interest ratio is currently 336.6 days.

Rio Tinto Group Trading Down 7.5%

RTNTF stock traded down $9.14 during trading on Tuesday, hitting $112.01. 209 shares of the company traded hands, compared to its average volume of 788. The company has a 50-day moving average of $120.74 and a 200-day moving average of $120.52. Rio Tinto Group has a 1 year low of $79.23 and a 1 year high of $133.85.

Institutional Trading of Rio Tinto Group

An institutional investor recently bought a new position in Rio Tinto Group stock. Pin Oak Investment Advisors Inc. bought a new position in Rio Tinto Group (OTCMKTS:RTNTF) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,133 shares of the company’s stock, valued at approximately $108,000. 4.35% of the stock is currently owned by institutional investors.

Rio Tinto Group Company Profile

Rio Tinto Group is a global mining and metals company that explores, develops, and operates mineral resources. Its principal products include iron ore, aluminum, copper, lithium, and other minerals used in construction, transportation, manufacturing, and energy technologies.

The company’s aluminum business spans bauxite mining, alumina refining, and aluminum smelting. Rio Tinto also operates large iron ore mines and related infrastructure, along with copper and other mineral projects. Its operations and development activities extend across Australia, Canada, the United States, Mongolia, Guinea, Chile, and other regions.

Rio Tinto traces its origins to the development of the Rio Tinto mines in Spain in the 19th century.