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

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

Gold Reserve Price Performance

OTCMKTS GDRZF traded up $0.11 during mid-day trading on Wednesday, hitting $5.57. The company’s stock had a trading volume of 93,672 shares, compared to its average volume of 302,362. The firm has a market capitalization of $554.49 million and a P/E ratio of -21.42. Gold Reserve has a 52-week low of $1.15 and a 52-week high of $5.60. The stock’s fifty day simple moving average is $3.69 and its two-hundred day simple moving average is $2.39.

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.