Rio Tinto Group (OTCMKTS:RTNTF) Stock Short Interest Report for October

Rio Tinto Group (OTCMKTS:RTNTF) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 74,661 shares, a decrease of 53.8% from the September 30th total of 161,452 shares. Based on an average trading volume of 114 shares, the short-interest ratio is presently 654.9 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Rio Tinto Group stock. Pin Oak Investment Advisors Inc. purchased a new position in shares of Rio Tinto Group (OTCMKTS:RTNTF) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,133 shares of the company’s stock, valued at approximately $108,000. 4.35% of the stock is currently owned by institutional investors and hedge funds.

Rio Tinto Group Stock Down 1.0%

Rio Tinto Group stock opened at $101.79 on Friday. The company has a fifty day moving average price of $117.67 and a two-hundred day moving average price of $117.15. Rio Tinto Group has a 12 month low of $81.39 and a 12 month high of $133.85.

About Rio Tinto Group

Rio Tinto Group is a global mining and metals company engaged in the exploration, development, production and processing of mineral resources. Its principal products include iron ore, aluminum, copper, lithium and other minerals used in construction, manufacturing, transportation and energy technologies.

The company operates an integrated portfolio that includes iron ore mines and infrastructure in Australia, bauxite mines and alumina refineries in Australia, and aluminum smelters in several countries.