Short Interest in Gold Reserve Inc. (OTCMKTS:GDRZF) Increases By 80.6%

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 25,873 shares, an increase of 80.6% from the December 31st total of 14,330 shares. Based on an average daily volume of 1,352,827 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily volume of 1,352,827 shares, the days-to-cover ratio is presently 0.0 days.

Gold Reserve Trading Down 3.6%

OTCMKTS:GDRZF traded down $0.14 during trading hours on Friday, reaching $3.80. The company had a trading volume of 145,575 shares. Gold Reserve has a 52 week low of $1.15 and a 52 week high of $4.70. The firm’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.37.

Gold Reserve (OTCMKTS:GDRZF) last announced its earnings results on Thursday, November 13th. The company reported ($0.08) earnings per share (EPS) for the quarter.

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.