Gold Reserve Inc. (OTCMKTS:GDRZF) Stock Short Interest Falls 50.8%

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 5,439 shares, a decrease of 50.8% from the September 30th total of 11,063 shares. Based on an average daily volume of 102,120 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Gold Reserve Stock Down 3.4%

OTCMKTS GDRZF traded down $0.14 during trading on Friday, hitting $4.00. The stock had a trading volume of 33,609 shares. Gold Reserve has a one year low of $1.15 and a one year high of $5.60. The stock has a 50 day simple moving average of $4.86 and a 200 day simple moving average of $4.49.

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

Gold Reserve Company Profile

Gold Reserve Inc is a mineral exploration and development company focused primarily on gold assets in Venezuela. The company’s principal project is the Brisas and Las Cristinas gold district in the state of Bolívar, an area known for its substantial mineral resources. Gold Reserve is not currently described as a broad-based producer; its activities center on advancing and protecting its interests in large-scale mining projects.

The Brisas project historically served as the company’s flagship development asset.