Rio Tinto Group (OTCMKTS:RTNTF) Short Interest Update

Rio Tinto Group (OTCMKTS:RTNTFGet Rating) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 29,300 shares, a drop of 18.2% from the March 31st total of 35,800 shares. Based on an average daily trading volume, of 900 shares, the short-interest ratio is presently 32.6 days.

OTCMKTS RTNTF opened at $77.94 on Thursday. The business’s 50-day moving average price is $84.99 and its 200 day moving average price is $77.74. Rio Tinto Group has a twelve month low of $63.01 and a twelve month high of $106.55.

Several equities analysts have weighed in on the company. UBS Group raised Rio Tinto Group to a “hold” rating and set a $104.00 price target for the company in a research report on Monday, March 28th. Citigroup raised Rio Tinto Group to a “buy” rating and set a $135.00 price target for the company in a research report on Thursday, April 21st.

Rio Tinto Group Company Profile (Get Rating)

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities.

Further Reading

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