Short Interest in Rio2 Limited (OTCMKTS:RIOFF) Declines By 77.4%

Rio2 Limited (OTCMKTS:RIOFF) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 455,803 shares, a decline 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 days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 2,229,038 shares, the days-to-cover ratio is presently 0.2 days.

Rio2 Trading Down 0.6%

Shares of Rio2 stock opened at C$2.78 on Friday. The firm has a 50-day simple moving average of C$2.50 and a two-hundred day simple moving average of C$1.84. Rio2 has a fifty-two week low of C$0.47 and a fifty-two week high of C$3.02.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised 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, Based on data from MarketBeat.com, Rio2 currently has a consensus rating of “Buy”.

About Rio2

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.