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

Rio2 Limited (OTCMKTS:RIOFF) saw a significant increase in short interest in March. As of March 15th, there was short interest totalling 51,700 shares, an increase of 776.3% from the February 29th total of 5,900 shares. Based on an average daily volume of 297,300 shares, the days-to-cover ratio is currently 0.2 days.

Rio2 Stock Performance

OTCMKTS:RIOFF traded down C$0.00 during midday trading on Thursday, hitting C$0.27. 28,835 shares of the company traded hands, compared to its average volume of 100,329. Rio2 has a 12-month low of C$0.10 and a 12-month high of C$0.33. The firm’s fifty day moving average is C$0.26 and its 200-day moving average is C$0.21.

Rio2 Company Profile

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.