Short Interest in Gold Reserve Inc. (OTCMKTS:GDRZF) Drops By 36.2%

Gold Reserve Inc. (OTCMKTS:GDRZF) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totaling 26,813 shares, a drop of 36.2% from the March 15th total of 42,028 shares. Based on an average trading volume of 263,773 shares, the short-interest ratio is currently 0.1 days.

Gold Reserve Price Performance

Gold Reserve stock opened at $4.17 on Tuesday. Gold Reserve has a one year low of $1.15 and a one year high of $5.60. The business has a fifty day moving average price of $4.05 and a 200-day moving average price of $2.75. The firm has a market capitalization of $415.12 million and a P/E ratio of -13.90.

Gold Reserve (OTCMKTS:GDRZF) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.10) 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.