Short Interest in Gold Reserve Inc. (OTCMKTS:GDRZF) Drops By 42.4%

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 95,100 shares, a decline of 42.4% from the November 15th total of 165,100 shares. Based on an average daily trading volume, of 112,600 shares, the short-interest ratio is presently 0.8 days.

Gold Reserve Stock Performance

OTCMKTS:GDRZF traded down $0.16 during mid-day trading on Friday, hitting $1.54. 14,150 shares of the company’s stock traded hands, compared to its average volume of 98,883. The firm’s 50 day simple moving average is $2.01 and its 200 day simple moving average is $3.18. Gold Reserve has a 1 year low of $1.09 and a 1 year high of $4.92.

Gold Reserve Company Profile

Gold Reserve Inc, an exploration stage company, engages in evaluating, acquiring, exploring, and developing mineral properties. It also holds interests in LMS Gold project located in Alaska, the United States. The company was founded in 1956 and is based in Spokane, Washington.