Gold Reserve Inc. (OTCMKTS:GDRZF – Get Free Report) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 14,231 shares, a drop 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 presently 0.2 days. Currently, 0.0% of the shares of the company are sold short.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald assumed coverage on Gold Reserve in a research report on Tuesday, May 5th. They issued a “speculative buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.
Get Our Latest Research Report on GDRZF
Gold Reserve Stock Performance
Gold Reserve (OTCMKTS:GDRZF – Get Free Report) last posted 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.
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