Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Up 106.7% in August

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 17,094 shares, a growth of 106.7% from the August 15th total of 8,271 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 772,398 shares, the days-to-cover ratio is currently 0.0 days.

Gold Reserve Price Performance

Shares of GDRZF stock opened at $4.80 on Tuesday. Gold Reserve has a one year low of $1.15 and a one year high of $5.60. The stock has a fifty day moving average price of $4.69 and a 200 day moving average price of $4.56.

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

About Gold Reserve

Gold Reserve Inc is a Canadian-based precious metals development company focused primarily on advancing gold and copper projects in Venezuela. Its principal asset is an interest in the Siembra Minera joint venture, which holds rights related to the Brisas-Cristinas mining project in Bolívar State, an area known for significant gold resources.

The Brisas-Cristinas project combines the company’s former Brisas property with the adjacent Las Cristinas deposit. Gold Reserve has historically pursued the development of these deposits through exploration, project planning and negotiations with Venezuelan authorities.