Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Short Interest Down 65.2% in August

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the recipient of a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 130,600 shares, a decrease of 65.2% from the July 31st total of 375,300 shares. Based on an average daily trading volume, of 7,091,600 shares, the days-to-cover ratio is currently 0.0 days.

Zion Oil & Gas Price Performance

Shares of ZNOG stock remained flat at $0.05 during trading hours on Tuesday. 1,848,566 shares of the company were exchanged, compared to its average volume of 2,644,046. The company’s fifty day simple moving average is $0.05 and its 200-day simple moving average is $0.06. Zion Oil & Gas has a 1-year low of $0.04 and a 1-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.