Rio2 Limited (OTCMKTS:RIOFF) Short Interest Up 58.1% in May

Rio2 Limited (OTCMKTS:RIOFF) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 48,700 shares, an increase of 58.1% from the May 15th total of 30,800 shares. Based on an average daily volume of 361,800 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Raymond James reissued an “outperform” rating on shares of Rio2 in a report on Friday, April 4th.

Rio2 Stock Performance

RIOFF traded down C$0.05 on Tuesday, reaching C$0.93. The company’s stock had a trading volume of 121,741 shares, compared to its average volume of 214,129. Rio2 has a fifty-two week low of C$0.32 and a fifty-two week high of C$1.02. The stock has a 50 day moving average of C$0.77 and a two-hundred day moving average of C$0.59.

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.