Zion Oil & Gas Inc (OTCMKTS:ZNOG) Short Interest Up 107.3% in August

Key Points

• Short interest in Zion Oil & Gas has increased significantly by 107.3% in August, totaling 427,800 shares sold short.
• The stock opened at $0.18 with a market capitalization of $195.55 million and reported a P/E ratio of -0.10.
• Zion Oil & Gas operates as an oil and gas exploration company in Israel and holds a license for approximately 75,000 acres in the region.

Zion Oil & Gas Inc (OTCMKTS:ZNOG - Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 427,800 shares, an increase of 107.3% from the August 15th total of 206,400 shares. Approximately 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 8,385,100 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 8,385,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company's stock are sold short.

Zion Oil & Gas Stock Up 4.6%

Zion Oil & Gas stock traded up $0.01 during mid-day trading on Thursday, reaching $0.19. 2,478,367 shares of the company's stock were exchanged, compared to its average volume of 3,397,427. The company has a market cap of $211.98 million, a P/E ratio of -0.11 and a beta of 1.70. Zion Oil & Gas has a twelve month low of $0.03 and a twelve month high of $0.28. The company has a fifty day moving average of $0.21 and a 200-day moving average of $0.19.

Zion Oil & Gas (OTCMKTS:ZNOG - Get Free Report) last released its earnings results on Monday, August 11th. The company reported ($1.77) earnings per share (EPS) for the quarter.

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.