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 drop in short interest during the month of September. As of September 15th, there was short interest totalling 217,500 shares, a drop of 19.8% from the August 31st total of 271,200 shares. Based on an average daily trading volume, of 6,202,000 shares, the short-interest ratio is currently 0.0 days.

Zion Oil & Gas Price Performance

OTCMKTS ZNOG opened at $0.04 on Friday. The firm’s fifty day moving average price is $0.05 and its 200 day moving average price is $0.06. Zion Oil & Gas has a 12 month low of $0.04 and a 12 month high of $0.10.

Zion Oil & Gas Company Profile

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.