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

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 184,800 shares, a growth of 17.9% from the March 15th total of 156,700 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,957,600 shares, the days-to-cover ratio is presently 0.0 days.

Zion Oil & Gas Price Performance

Shares of ZNOG opened at $0.13 on Tuesday. Zion Oil & Gas has a 52-week low of $0.03 and a 52-week high of $0.27. The stock’s 50-day simple moving average is $0.19 and its 200 day simple moving average is $0.13.

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.