Rio2 Limited (OTCMKTS:RIOFF) Sees Large Drop in Short Interest

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 65,900 shares, a decrease of 48.9% from the August 15th total of 128,900 shares. Based on an average trading volume of 447,100 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 447,100 shares, the days-to-cover ratio is presently 0.1 days.

Rio2 Stock Performance

Shares of RIOFF traded down C$0.04 during mid-day trading on Monday, hitting C$1.23. 55,579 shares of the company traded hands, compared to its average volume of 235,895. Rio2 has a 1-year low of C$0.40 and a 1-year high of C$1.39. The business has a 50 day moving average of C$1.19 and a 200 day moving average of C$0.90.

About Rio2

Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, Bahamas, and Chile. It holds a 100% in the Fenix Gold Project covering an area of approximately 16,050 hectares located in Chile. The company was incorporated in 1990 and is headquartered in Vancouver, Canada.