Rio Tinto Group (OTCMKTS:RTNTF – Get Free Report) saw a large growth in short interest in 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 short-interest ratio is presently 928.1 days.
Rio Tinto Group Trading Down 5.5%
Shares of Rio Tinto Group stock opened at $122.41 on Tuesday. The company has a 50-day simple moving average of $127.52 and a 200 day simple moving average of $113.96. Rio Tinto Group has a 12-month low of $70.45 and a 12-month high of $133.85.
About Rio Tinto Group
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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