Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Up 106.7% in August

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 17,094 shares, an increase of 106.7% from the August 15th total of 8,271 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 772,398 shares, the days-to-cover ratio is currently 0.0 days.

Gold Reserve Stock Performance

Shares of OTCMKTS GDRZF opened at $4.80 on Monday. The business’s 50-day simple moving average is $4.68 and its 200-day simple moving average is $4.55. Gold Reserve has a 52 week low of $1.15 and a 52 week high of $5.60. The firm has a market cap of $709.06 million and a price-to-earnings ratio of -16.55.

Gold Reserve (OTCMKTS:GDRZF) last posted its earnings results on Thursday, August 13th. The company reported ($0.03) earnings per share for the quarter.

Gold Reserve Company Profile

Gold Reserve Inc is a Canadian-based precious metals development company focused primarily on advancing gold and copper projects in Venezuela. Its principal asset is an interest in the Siembra Minera joint venture, which holds rights related to the Brisas-Cristinas mining project in Bolívar State, an area known for significant gold resources.

The Brisas-Cristinas project combines the company’s former Brisas property with the adjacent Las Cristinas deposit. Gold Reserve has historically pursued the development of these deposits through exploration, project planning and negotiations with Venezuelan authorities.