Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Update

Gold Reserve Inc. (OTCMKTS:GDRZF) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 41,981 shares, a growth of 108.2% from the May 14th total of 20,167 shares. Based on an average trading volume of 62,545 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Gold Reserve Stock Performance

Shares of 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 firm has a 50-day moving average price of $4.51 and a 200 day moving average price of $3.65. Gold Reserve has a 52 week low of $1.15 and a 52 week high of $5.60. The company has a market capitalization of $717.85 million and a price-to-earnings ratio of -16.20.

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

Wall Street Analyst Weigh In

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