Rio2 Limited (OTCMKTS:RIOFF) Short Interest Up 562.0% in December

Rio2 Limited (OTCMKTS:RIOFF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 1,132,943 shares, an increase of 562.0% from the November 30th total of 171,131 shares. Based on an average trading volume of 1,222,901 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 1,222,901 shares, the short-interest ratio is presently 0.9 days.

Wall Street Analyst Weigh In

Several brokerages recently commented on RIOFF. Raymond James Financial reissued an “outperform” rating on shares of Rio2 in a report on Friday, October 10th. Cantor Fitzgerald lowered Rio2 to a “hold” rating in a report on Tuesday, December 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rio2 Stock Performance

Shares of RIOFF traded up C$0.09 during trading hours on Wednesday, hitting C$2.37. 671,101 shares of the company were exchanged, compared to its average volume of 340,111. The firm has a fifty day simple moving average of C$1.70 and a 200-day simple moving average of C$1.37. Rio2 has a one year low of C$0.40 and a one year high of C$2.41.

Rio2 Company Profile

Rio2 Ltd. (OTCMKTS: RIOFF) is a Canada-based mineral exploration and development company focused on advancing gold assets in Ecuador. Headquartered in Vancouver, British Columbia, Rio2’s primary objective is the development of its flagship Fenix Gold Project, a large-scale gold deposit located in the eastern portion of the country. The company’s activities span exploration, feasibility studies, and permitting, with an emphasis on moving the project toward production while maintaining compliance with local regulatory frameworks.

The Fenix Gold Project holds significant gold mineralization within multiple vein and stockwork zones hosted in volcanic and sedimentary units.