Rio2 Retains BUYINS.NET to Surveil Short Sellers and Market Makers
- Approximately 10 Million Total Shares Shorted in US Since March 2019
- Approximately 35 Million Total Shares Shorted in Canada Since March 2019
VANCOUVER, British Columbia, April 30, 2020 (GLOBE NEWSWIRE) — Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) today announces that it has retained BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance.
BUYINS has initiated coverage on Rio2 after releasing the latest short sale data through April 27, 2020. The total aggregate number of shares shorted in the US since March 2019 is approximately 10 million shares. On average approximately 55% of daily trading volume is short selling. The SqueezeTrigger price for all RIOFF shares shorted is $0.31. A short squeeze has begun in the US as shares of RIOFF have exceeded this level. In Canada, (TSXV: RIO) has a C$0.42 Trigger Price. A short squeeze is underway in Canada as well.
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