Rio Tinto Group (OTCMKTS:RTNTF) Sees Large Decrease in Short Interest

Rio Tinto Group (OTCMKTS:RTNTF) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,244,200 shares, a decline of 15.3% from the December 31st total of 1,468,200 shares. Based on an average trading volume of 1,700 shares, the days-to-cover ratio is presently 731.9 days.

Rio Tinto Group Price Performance

OTCMKTS:RTNTF traded up $4.00 during mid-day trading on Friday, reaching $75.50. The stock had a trading volume of 514 shares, compared to its average volume of 676. The business has a 50 day simple moving average of $74.41 and a 200 day simple moving average of $76.32. Rio Tinto Group has a twelve month low of $70.17 and a twelve month high of $90.48.

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.