Zion Oil & Gas Inc (OTCMKTS:ZNOG) Sees Large Growth in Short Interest

Zion Oil & Gas Inc (OTCMKTS:ZNOG) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 637,890 shares, an increase of 45.0% from the November 30th total of 440,070 shares. Based on an average daily volume of 3,651,162 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 3,651,162 shares, the days-to-cover ratio is currently 0.2 days.

Zion Oil & Gas Stock Up 1.0%

Shares of ZNOG opened at $0.22 on Wednesday. The firm has a market capitalization of $250.38 million, a PE ratio of -0.12 and a beta of 0.36. The firm has a 50-day moving average price of $0.19 and a 200 day moving average price of $0.20. Zion Oil & Gas has a 52-week low of $0.08 and a 52-week high of $0.28.

Zion Oil & Gas Company Profile

Zion Oil & Gas Inc (OTCMKTS: ZNOG) is a United States–based oil and gas exploration company focused on identifying and developing hydrocarbon resources in Israel. The company’s primary activities include land leasing, geological and geophysical surveying, seismic data acquisition, exploratory drilling and reservoir evaluation. Zion Oil & Gas seeks to discover commercial quantities of oil and natural gas in underexplored onshore basins and to advance potential discoveries through appraisal and development planning.

Zion holds interests in several concessions in northern Israel, including areas around the Galilee Basin and the Shefla Basin.