Gold Road Resources Limited (OTCMKTS:ELKMF) Short Interest Up 37.5% in December

Gold Road Resources Limited (OTCMKTS:ELKMF) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 647,900 shares, an increase of 37.5% from the November 30th total of 471,100 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is currently 647.9 days.

Gold Road Resources Price Performance

Shares of Gold Road Resources stock remained flat at $1.31 during trading on Monday. Gold Road Resources has a 12 month low of $0.95 and a 12 month high of $1.38. The stock has a 50-day moving average price of $1.27 and a 200-day moving average price of $1.19.

Gold Road Resources Company Profile

Gold Road Resources Limited, together with its subsidiaries, engages in the exploration of gold properties in Western Australia. It owns 50% interest in the Gruyere gold mine located in north-east of Perth. The company was formerly known as Eleckra Mines Limited and changed its name to Gold Road Resources Limited in November 2010.