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

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

Wall Street Analysts Forecast Growth

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

Gold Reserve Trading Down 0.9%

Shares of GDRZF stock traded down $0.04 during midday trading on Wednesday, reaching $4.55. 208,155 shares of the stock were exchanged, compared to its average volume of 152,265. The firm has a market cap of $672.13 million and a PE ratio of -15.17. The company’s 50 day moving average is $4.69 and its two-hundred day moving average is $4.32. Gold Reserve has a 1 year low of $1.15 and a 1 year high of $5.60.

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