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

Rio Tinto Group (OTCMKTS:RTNTF) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 138,358 shares, a growth of 85.3% from the August 31st total of 74,680 shares. Based on an average daily volume of 411 shares, the short-interest ratio is presently 336.6 days.

Institutional Trading of Rio Tinto Group

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

Rio Tinto Group Stock Up 6.5%

OTCMKTS RTNTF opened at $119.26 on Thursday. Rio Tinto Group has a 1-year low of $79.23 and a 1-year high of $133.85. The stock’s 50 day moving average is $121.08 and its two-hundred day moving average is $120.69.

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.