Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Down 45.0% in August

Gold Reserve Inc. (OTCMKTS:GDRZFGet Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 8,271 shares, a decrease of 45.0% from the July 30th total of 15,028 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 149,118 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

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

Read Our Latest Research Report on GDRZF

Gold Reserve Stock Down 0.2%

Shares of OTCMKTS:GDRZF traded down $0.01 during midday trading on Tuesday, reaching $4.82. The company’s stock had a trading volume of 109,586 shares, compared to its average volume of 168,223. The stock has a fifty day moving average of $4.63 and a 200 day moving average of $4.48. Gold Reserve has a twelve month low of $1.15 and a twelve month high of $5.60. The firm has a market capitalization of $712.01 million and a PE ratio of -16.62.

Gold Reserve (OTCMKTS:GDRZFGet Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.03) earnings per share (EPS) for the quarter.

Gold Reserve Company Profile

(Get Free Report)

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.

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