Rio Tinto Group (OTCMKTS:RTNTF – Get Free Report) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 296,985 shares, a growth of 231.4% from the May 31st total of 89,626 shares. Based on an average daily volume of 320 shares, the days-to-cover ratio is currently 928.1 days.
Rio Tinto Group Stock Performance
Shares of OTCMKTS:RTNTF remained flat at $129.57 during trading on Friday. The stock had a trading volume of 55 shares, compared to its average volume of 927. Rio Tinto Group has a 1-year low of $63.55 and a 1-year high of $133.85. The firm’s fifty day moving average price is $127.54 and its two-hundred day moving average price is $113.58.
Rio Tinto Group Company Profile
Rio Tinto Group is an Anglo-Australian multinational mining and metals company engaged in the exploration, development and production of a broad portfolio of commodities. The company’s primary products include iron ore, aluminum, copper, diamonds, gold, uranium, titanium dioxide and borates, with salt and industrial minerals also contributing to its output. Rio Tinto’s vertically integrated operations span the full value chain, encompassing extraction, processing, refining and marketing activities.
Founded in 1873 to develop copper reserves in the Rio Tinto region of Spain, the company has grown into one of the world’s largest mining groups.
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