Short Interest in Zion Oil & Gas Inc (OTCMKTS:ZNOG) Rises By 282.5%

Zion Oil & Gas Inc (OTCMKTS:ZNOG) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 952,900 shares, anincreaseof282.5% from the July 15th total of 249,100 shares. Currently,0.1% of the company’s stock are short sold. Based on an average trading volume of 6,378,200 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 6,378,200 shares, the short-interest ratio is presently 0.1 days. Currently,0.1% of the company’s stock are short sold.

Zion Oil & Gas Stock Down 3.5%

Shares of ZNOG opened at $0.22 on Friday. The company has a market cap of $244.93 million, a price-to-earnings ratio of -0.12 and a beta of 1.49. Zion Oil & Gas has a twelve month low of $0.03 and a twelve month high of $0.28. The company has a 50 day moving average of $0.20 and a two-hundred day moving average of $0.18.

Zion Oil & Gas (OTCMKTS:ZNOG) last announced its earnings results on Monday, August 11th. The company reported ($1.77) earnings per share for the quarter.

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.