Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Drops By 19.8%

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 217,500 shares, a decrease of 19.8% from the August 31st total of 271,200 shares. Based on an average trading volume of 6,202,000 shares, the days-to-cover ratio is presently 0.0 days.

Zion Oil & Gas Stock Performance

Zion Oil & Gas stock opened at $0.04 on Friday. Zion Oil & Gas has a 52-week low of $0.04 and a 52-week high of $0.10. The company’s 50 day moving average is $0.05 and its two-hundred day moving average is $0.06.

About Zion Oil & Gas

Zion Oil & Gas, Inc, together with its subsidiaries, operates as an oil and gas exploration company in Israel. It holds a petroleum exploration license onshore Israel, the New Megiddo License 434 comprising an area of approximately 75,000 acres. The company was incorporated in 2000 and is headquartered in Dallas, Texas.