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

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a large drop in short interest in August. As of August 14th, there was short interest totaling 8,271 shares, a drop of 45.0% from the July 30th total of 15,028 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 149,118 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Gold Reserve Stock Performance

GDRZF traded up $0.06 on Monday, hitting $4.87. 45,166 shares of the company were exchanged, compared to its average volume of 167,537. The firm has a fifty day simple moving average of $4.62 and a two-hundred day simple moving average of $4.47. The stock has a market capitalization of $719.40 million and a PE ratio of -16.79. Gold Reserve has a 12 month low of $1.15 and a 12 month high of $5.60.

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

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.