Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Up 108.2% in May

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a large growth in short interest during 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 presently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Gold Reserve Stock Performance

Gold Reserve stock traded up $0.03 during trading hours on Friday, reaching $4.86. 23,701 shares of the company’s stock were exchanged. The firm’s 50 day simple moving average is $4.51 and its 200 day simple moving average is $3.65. Gold Reserve has a twelve month low of $1.15 and a twelve month high of $5.60.

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

Wall Street Analysts Forecast Growth

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

About Gold Reserve

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.