Short Interest in Rio2 Limited (OTCMKTS:RIOFF) Decreases By 45.2%

Rio2 Limited (OTCMKTS:RIOFF – Get Rating) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 140,500 shares, a decline of 45.2% from the April 30th total of 256,300 shares. Based on an average daily volume of 99,200 shares, the short-interest ratio is presently 1.4 days.

Rio2 Price Performance

RIOFF stock opened at C$0.15 on Friday. The firm’s fifty day simple moving average is C$0.14 and its 200-day simple moving average is C$0.14. Rio2 has a 12 month low of C$0.08 and a 12 month high of C$0.49.

Rio2 Company Profile

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Rio2 Limited engages in the exploration, development, and mining of mineral properties in Canada, Peru, and Chile. Its flagship project is 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.