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 the month of 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. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 62,545 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

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

Gold Reserve Trading Up 0.6%

Shares of OTCMKTS:GDRZF traded up $0.03 during mid-day trading on Friday, reaching $4.86. The company had a trading volume of 23,701 shares. The company’s 50-day moving average price is $4.51 and its 200-day moving average price is $3.65. Gold Reserve has a one year low of $1.15 and a one year high of $5.60.

Gold Reserve (OTCMKTS:GDRZF) last posted its quarterly earnings results on Tuesday, May 12th. 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.