2003 295 compression diagnoses

[wcs.inc]

I have a 2001 txt shuttle 6. I purchased it several years ago and it had a 2003 295 rebuilt in 2009 with low compression. I've finally decided to do something about it. It runs okay, no smoke, no oil consumption, or leaks, just weak.
I adjusted the valves and then did both a dry and wet compression test.
Dry compression test results = 80/82 on both cylinders.
Wet compression test results =100/100 on both cylinders.
My question is would these results indicate a problem with rings or the valves or possibly something else?
Any advice on what direction I should take would be greatly appreciated.
Thanks, in advance!