Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Update

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 10,234 shares, a drop of 40.1% from the August 31st total of 17,094 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 306,906 shares, the short-interest ratio is currently 0.0 days.

Gold Reserve Trading Down 2.0%

Shares of OTCMKTS:GDRZF traded down $0.10 during trading on Thursday, hitting $4.86. 30,559 shares of the company’s stock traded hands, compared to its average volume of 159,029. The company has a market cap of $717.92 million and a price-to-earnings ratio of -16.76. Gold Reserve has a 52 week low of $1.15 and a 52 week high of $5.60. The company has a 50-day moving average price of $4.75 and a 200-day moving average price of $4.59.

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

Gold Reserve Company Profile

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.