Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Down 51.9% in July

Gold Reserve Inc. (OTCMKTS:GDRZF) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 14,231 shares, a drop of 51.9% from the June 30th total of 29,616 shares. Based on an average daily volume of 79,766 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Gold Reserve Stock Performance

Shares of GDRZF traded up $0.03 during trading hours on Tuesday, hitting $4.59. 7,312 shares of the company were exchanged, compared to its average volume of 152,118. The company has a market cap of $678.03 million and a PE ratio of -15.30. The firm’s 50 day moving average is $4.69 and its 200-day moving average is $4.31. Gold Reserve has a 52 week low of $1.15 and a 52 week high of $5.60.

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

Analyst Ratings Changes

Separately, Cantor Fitzgerald initiated coverage on Gold Reserve in a research note on Tuesday, May 5th. They set a “speculative buy” rating on the stock. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Gold Reserve has a consensus 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.