Rio2 Limited (OTCMKTS:RIOFF) Short Interest Update

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 455,803 shares, a drop of 77.4% from the January 29th total of 2,017,380 shares. Based on an average daily trading volume, of 2,229,038 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 2,229,038 shares, the short-interest ratio is currently 0.2 days.

Rio2 Stock Up 1.8%

RIOFF opened at C$2.67 on Thursday. The firm’s 50-day simple moving average is C$2.47 and its 200-day simple moving average is C$1.82. Rio2 has a twelve month low of C$0.47 and a twelve month high of C$3.02.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald upgraded shares of Rio2 from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.