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

Rio Tinto Group (OTCMKTS:RTNTF) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 1,284,600 shares, a drop of 16.2% from the March 31st total of 1,532,100 shares. Based on an average daily volume of 3,400 shares, the days-to-cover ratio is presently 377.8 days.

Rio Tinto Group Stock Down 1.4 %

OTCMKTS RTNTF opened at $73.06 on Friday. Rio Tinto Group has a 1-year low of $60.79 and a 1-year high of $90.48. The firm’s fifty day simple moving average is $72.07 and its 200-day simple moving average is $74.20.

About Rio Tinto Group

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.