Rio2 Limited (OTCMKTS:RIOFF) Short Interest Up 317.9% in August

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 28,000 shares, a growth of 317.9% from the August 15th total of 6,700 shares. Based on an average daily volume of 247,700 shares, the days-to-cover ratio is currently 0.1 days.

Rio2 Price Performance

Shares of Rio2 stock remained flat at C$0.41 during trading on Friday. The stock had a trading volume of 148,690 shares, compared to its average volume of 114,163. Rio2 has a 52-week low of C$0.11 and a 52-week high of C$0.47. The company has a fifty day moving average price of C$0.40 and a 200-day moving average price of C$0.36.

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.