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

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

Rio Tinto Group Price Performance

OTCMKTS:RTNTF traded up $4.00 during trading hours on Friday, reaching $75.50. 514 shares of the company traded hands, compared to its average volume of 676. The firm’s 50-day moving average is $74.41 and its 200-day moving average is $76.32. Rio Tinto Group has a 1-year low of $70.17 and a 1-year high of $90.48.

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.