Short Interest in Zion Oil & Gas Inc (OTCMKTS:ZNOG) Expands By 45.0%

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

Zion Oil & Gas Stock Performance

Zion Oil & Gas stock opened at $0.21 on Monday. The stock has a market cap of $241.15 million, a P/E ratio of -0.12 and a beta of 0.36. Zion Oil & Gas has a fifty-two week low of $0.08 and a fifty-two week high of $0.28. The firm’s fifty day moving average price is $0.19 and its 200-day moving average price is $0.20.

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.