Gold Reserve Inc. (OTCMKTS:GDRZF) Sees Large Increase in Short Interest

Gold Reserve Inc. (OTCMKTS:GDRZFGet Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 120,600 shares, a growth of 12.7% from the September 30th total of 107,000 shares. Based on an average daily trading volume, of 261,600 shares, the short-interest ratio is presently 0.5 days.

Gold Reserve Trading Down 0.2 %

GDRZF traded down $0.01 on Thursday, hitting $2.24. 90,601 shares of the company’s stock traded hands, compared to its average volume of 105,208. The company’s 50 day simple moving average is $3.04 and its 200-day simple moving average is $3.51. Gold Reserve has a one year low of $1.31 and a one year high of $4.92. The firm has a market cap of $222.99 million, a price-to-earnings ratio of -9.76 and a beta of 0.70.

Gold Reserve (OTCMKTS:GDRZFGet Free Report) last released its earnings results on Tuesday, August 20th. The company reported ($0.04) EPS for the quarter.

Gold Reserve Company Profile

(Get Free Report)

Gold Reserve Inc, an exploration stage company, engages in evaluating, acquiring, exploring, and developing mineral properties. It also holds interests in LMS Gold project located in Alaska, the United States. The company was founded in 1956 and is based in Spokane, Washington.

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