Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Update

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 10,234 shares, a decrease of 40.1% from the August 31st total of 17,094 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 306,906 shares, the days-to-cover ratio is presently 0.0 days.

Gold Reserve Stock Performance

Shares of OTCMKTS GDRZF opened at $4.84 on Wednesday. The stock has a market cap of $714.96 million and a price-to-earnings ratio of -16.69. The stock’s 50-day moving average is $4.74 and its 200 day moving average is $4.60. Gold Reserve has a 1-year low of $1.15 and a 1-year high of $5.60.

Gold Reserve (OTCMKTS:GDRZF) last posted its quarterly earnings data 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.