Gold Reserve Inc. (OTCMKTS:GDRZF) Short Interest Down 45.0% in August

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 8,271 shares, a drop of 45.0% from the July 30th total of 15,028 shares. Based on an average daily trading volume, of 149,118 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald started coverage on Gold Reserve in a report on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Gold Reserve has an average rating of “Buy”.

Gold Reserve Stock Up 0.2%

GDRZF stock traded up $0.01 during midday trading on Friday, hitting $4.81. The stock had a trading volume of 135,355 shares. Gold Reserve has a 52 week low of $1.15 and a 52 week high of $5.60. The stock has a 50-day simple moving average of $4.62 and a 200 day simple moving average of $4.46.

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 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.