Zion Oil & Gas Inc (OTCMKTS:ZNOG) Short Interest Update

Zion Oil & Gas Inc (OTCMKTS:ZNOG) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 637,890 shares, a growth of 45.0% from the November 30th total of 440,070 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 3,651,162 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 3,651,162 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Zion Oil & Gas Trading Up 2.8%

OTCMKTS:ZNOG opened at $0.21 on Tuesday. The company has a market capitalization of $247.95 million, a P/E ratio of -0.12 and a beta of 0.36. The firm has a 50-day moving average price of $0.19 and a two-hundred day moving average price of $0.20. Zion Oil & Gas has a twelve month low of $0.08 and a twelve month high of $0.28.

About Zion Oil & Gas

Zion Oil & Gas Inc (OTCMKTS: ZNOG) is a United States–based oil and gas exploration company focused on identifying and developing hydrocarbon resources in Israel. The company’s primary activities include land leasing, geological and geophysical surveying, seismic data acquisition, exploratory drilling and reservoir evaluation. Zion Oil & Gas seeks to discover commercial quantities of oil and natural gas in underexplored onshore basins and to advance potential discoveries through appraisal and development planning.

Zion holds interests in several concessions in northern Israel, including areas around the Galilee Basin and the Shefla Basin.