Short Interest in Gold Reserve Inc. (OTCMKTS:GDRZF) Expands By 234.8%

Gold Reserve Inc. (OTCMKTS:GDRZF) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 45,754 shares, a growth of 234.8% from the February 12th total of 13,666 shares. Based on an average trading volume of 247,144 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 247,144 shares, the days-to-cover ratio is currently 0.2 days.

Gold Reserve Stock Up 2.0%

Shares of GDRZF traded up $0.11 during mid-day trading on Wednesday, reaching $5.57. 93,672 shares of the stock traded hands, compared to its average volume of 302,362. The firm has a market cap of $554.49 million and a price-to-earnings ratio of -21.42. The stock has a fifty day simple moving average of $3.69 and a 200 day simple moving average of $2.39. Gold Reserve has a 12-month low of $1.15 and a 12-month high of $5.60.

Gold Reserve Company Profile

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.