Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Drops By 62.4%

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 363,900 shares, a decrease of 62.4% from the October 31st total of 968,900 shares. Based on an average daily trading volume, of 9,915,300 shares, the days-to-cover ratio is currently 0.0 days.

Zion Oil & Gas Price Performance

OTCMKTS ZNOG traded up $0.02 during midday trading on Thursday, hitting $0.13. The company had a trading volume of 5,514,084 shares, compared to its average volume of 7,034,123. The firm has a 50-day moving average price of $0.06 and a 200-day moving average price of $0.06. Zion Oil & Gas has a twelve month low of $0.03 and a twelve month high of $0.18.

About Zion Oil & Gas

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.