Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Up 106.7% in August

Gold Reserve Inc. (OTCMKTS:GDRZF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,094 shares, an increase of 106.7% from the August 15th total of 8,271 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 772,398 shares, the short-interest ratio is currently 0.0 days.

Gold Reserve Price Performance

Shares of GDRZF stock opened at $4.80 on Monday. Gold Reserve has a fifty-two week low of $1.15 and a fifty-two week high of $5.60. The stock’s 50-day moving average is $4.68 and its two-hundred day moving average is $4.55. The firm has a market cap of $709.06 million and a P/E ratio of -16.55.

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

About Gold Reserve

Gold Reserve Inc is a Canadian-based precious metals development company focused primarily on advancing gold and copper projects in Venezuela. Its principal asset is an interest in the Siembra Minera joint venture, which holds rights related to the Brisas-Cristinas mining project in Bolívar State, an area known for significant gold resources.

The Brisas-Cristinas project combines the company’s former Brisas property with the adjacent Las Cristinas deposit. Gold Reserve has historically pursued the development of these deposits through exploration, project planning and negotiations with Venezuelan authorities.