Rio Tinto Group (OTCMKTS:RTNTF – Get Free Report) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 138,358 shares, an increase of 85.3% from the August 31st total of 74,680 shares. Based on an average daily trading volume, of 411 shares, the days-to-cover ratio is currently 336.6 days.
Rio Tinto Group Trading Down 7.5%
Shares of RTNTF stock traded down $9.14 during trading hours on Tuesday, hitting $112.01. 209 shares of the company’s stock were exchanged, compared to its average volume of 788. Rio Tinto Group has a 12-month low of $79.23 and a 12-month high of $133.85. The business’s 50 day simple moving average is $120.74 and its 200-day simple moving average is $120.52.
Hedge Funds Weigh In On Rio Tinto Group
An institutional investor recently bought a new stake in Rio Tinto Group stock. Pin Oak Investment Advisors Inc. purchased a new position in Rio Tinto Group (OTCMKTS:RTNTF – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,133 shares of the company’s stock, valued at approximately $108,000. 4.35% of the stock is owned by hedge funds and other institutional investors.
About Rio Tinto Group
Rio Tinto Group is a global mining and metals company that explores, develops, and operates mineral resources. Its principal products include iron ore, aluminum, copper, lithium, and other minerals used in construction, transportation, manufacturing, and energy technologies.
The company’s aluminum business spans bauxite mining, alumina refining, and aluminum smelting. Rio Tinto also operates large iron ore mines and related infrastructure, along with copper and other mineral projects. Its operations and development activities extend across Australia, Canada, the United States, Mongolia, Guinea, Chile, and other regions.
Rio Tinto traces its origins to the development of the Rio Tinto mines in Spain in the 19th century.
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