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

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 25,873 shares, a growth of 80.6% from the December 31st total of 14,330 shares. Based on an average trading volume of 1,352,827 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 1,352,827 shares, the days-to-cover ratio is presently 0.0 days.

Gold Reserve Price Performance

Shares of GDRZF opened at $3.94 on Friday. The company has a market capitalization of $392.23 million and a P/E ratio of -15.15. Gold Reserve has a one year low of $1.15 and a one year high of $4.70. The business’s 50 day simple moving average is $2.40 and its 200-day simple moving average is $2.38.

Gold Reserve (OTCMKTS:GDRZF) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.08) EPS for the quarter.

About Gold Reserve

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.