Gold Reserve Inc. (OTCMKTS:GDRZF) Sees Large Decline in Short Interest

Gold Reserve Inc. (OTCMKTS:GDRZF) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,439 shares, a drop of 50.8% from the September 30th total of 11,063 shares. Based on an average daily volume of 102,120 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Gold Reserve Stock Down 3.4%

Shares of Gold Reserve stock traded down $0.14 on Friday, hitting $4.00. 33,609 shares of the company’s stock traded hands. The company has a fifty day moving average of $4.86 and a two-hundred day moving average of $4.49. Gold Reserve has a one year low of $1.15 and a one year high of $5.60.

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

About Gold Reserve

Gold Reserve Inc is a mineral exploration and development company focused primarily on gold assets in Venezuela. The company’s principal project is the Brisas and Las Cristinas gold district in the state of Bolívar, an area known for its substantial mineral resources. Gold Reserve is not currently described as a broad-based producer; its activities center on advancing and protecting its interests in large-scale mining projects.

The Brisas project historically served as the company’s flagship development asset.