Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Down 51.9% in July

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 14,231 shares, a decrease of 51.9% from the June 30th total of 29,616 shares. Based on an average daily volume of 79,766 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Gold Reserve Stock Performance

Shares of OTCMKTS:GDRZF opened at $4.55 on Thursday. The firm has a market cap of $672.13 million and a price-to-earnings ratio of -15.17. The business has a 50-day simple moving average of $4.68 and a two-hundred day simple moving average of $4.32. Gold Reserve has a fifty-two week low of $1.15 and a fifty-two week high of $5.60.

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

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald initiated coverage on shares of Gold Reserve in a report on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Gold Reserve presently has an average rating of “Buy”.

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.