Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Sees Large Decline in Short Interest

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 239,500 shares, a decline of 30.7% from the November 30th total of 345,600 shares. Based on an average daily volume of 6,390,600 shares, the days-to-cover ratio is currently 0.0 days.

Zion Oil & Gas Stock Performance

ZNOG opened at $0.11 on Monday. The business has a 50 day moving average price of $0.10 and a two-hundred day moving average price of $0.07. Zion Oil & Gas has a 1-year low of $0.03 and a 1-year high of $0.18.

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.