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

Rio Tinto Group (OTCMKTS:RTNTF) was the target of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 8,800 shares, an increase of 183.9% from the March 15th total of 3,100 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 17.6 days.

Rio Tinto Group stock remained flat at $$92.21 during mid-day trading on Wednesday. 22 shares of the company’s stock were exchanged, compared to its average volume of 344. The stock’s 50-day moving average price is $93.28 and its 200 day moving average price is $81.91. Rio Tinto Group has a fifty-two week low of $53.66 and a fifty-two week high of $108.00.

Rio Tinto Group Company Profile

Rio Tinto Group engages in finding, mining, and processing mineral resources worldwide. The company offers aluminum, silver, molybdenum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and uranium. It is also involved in the alumina production; primary aluminum smelting; bauxite mining; alumina refining; and ilmenite, rutile, and zircon mining, as well as provision of gypsum.

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