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

Rio Tinto Group (OTCMKTS:RTNTF) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,532,100 shares, a decline of 15.4% from the March 15th total of 1,810,900 shares. Based on an average trading volume of 800 shares, the days-to-cover ratio is currently 1,915.1 days.

Rio Tinto Group Stock Performance

OTCMKTS RTNTF remained flat at $73.00 during trading hours on Tuesday. The company had a trading volume of 89 shares, compared to its average volume of 1,230. Rio Tinto Group has a one year low of $60.79 and a one year high of $90.48. The business’s 50-day moving average is $72.85 and its 200-day moving average is $74.82.

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.