Short Interest in Gold Reserve Inc. (OTCMKTS:GDRZF) Increases By 110.3%

Gold Reserve Inc. (OTCMKTS:GDRZF) was the target of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 165,100 shares, an increase of 110.3% from the October 31st total of 78,500 shares. Based on an average trading volume of 150,400 shares, the days-to-cover ratio is currently 1.1 days.

Gold Reserve Price Performance

Shares of OTCMKTS GDRZF traded up $0.05 during midday trading on Friday, hitting $1.55. 8,363 shares of the company’s stock were exchanged, compared to its average volume of 101,885. The firm’s fifty day simple moving average is $2.17 and its 200-day simple moving average is $3.30. The company has a market cap of $154.30 million, a PE ratio of -15.50 and a beta of 0.61. Gold Reserve has a twelve month low of $1.09 and a twelve month high of $4.92.

About Gold Reserve

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.