Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Expands By 46.0%

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 968,900 shares, an increase of 46.0% from the October 15th total of 663,600 shares. Based on an average daily trading volume, of 6,807,900 shares, the days-to-cover ratio is currently 0.1 days.

Zion Oil & Gas Price Performance

Shares of Zion Oil & Gas stock opened at $0.09 on Friday. The business has a 50-day simple moving average of $0.04 and a 200 day simple moving average of $0.05. Zion Oil & Gas has a one year low of $0.03 and a one year 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.