Gold Reserve Inc. (OTCMKTS:GDRZF) Sees Significant Drop in Short Interest

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 10,234 shares, a decrease of 40.1% from the August 31st total of 17,094 shares. Based on an average trading volume of 306,906 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Gold Reserve Stock Performance

Shares of GDRZF opened at $4.84 on Wednesday. The stock has a market cap of $714.96 million and a P/E ratio of -16.69. Gold Reserve has a one year low of $1.15 and a one year high of $5.60. The stock has a 50-day moving average of $4.74 and a two-hundred day moving average of $4.60.

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

Gold Reserve Company Profile

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.