Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Up 108.2% in May

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 41,981 shares, an increase of 108.2% from the May 14th total of 20,167 shares. Based on an average daily volume of 62,545 shares, the short-interest ratio is presently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald started coverage on shares of Gold Reserve in a report on Tuesday, May 5th. They issued a “speculative buy” rating on the stock. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Gold Reserve currently has a consensus rating of “Buy”.

Gold Reserve Price Performance

Shares of Gold Reserve stock traded up $0.06 during trading hours on Monday, reaching $4.89. The company’s stock had a trading volume of 904 shares, compared to its average volume of 175,386. The firm has a 50 day moving average price of $4.51 and a 200-day moving average price of $3.66. Gold Reserve has a one year low of $1.15 and a one year high of $5.60. The stock has a market cap of $721.76 million and a P/E ratio of -16.29.

Gold Reserve (OTCMKTS:GDRZF) last released its earnings results on Tuesday, May 12th. The company reported ($0.08) earnings per share for the quarter.

Gold Reserve Company Profile

Gold Reserve Inc is a mineral exploration and development company incorporated in Nevada with executive offices in Vancouver, British Columbia, and Littleton, Colorado. The company focuses on the acquisition, exploration and development of precious and base metal deposits, primarily in South America. Gold Reserve’s corporate strategy centers on advancing its flagship mining interests toward production while managing the legal and regulatory framework surrounding its assets.

The company’s main asset is the Brisas Project, a former gold?copper porphyry deposit located in Bolívar State, Venezuela.