Short Interest in Zion Oil & Gas Inc (OTCMKTS:ZNOG) Increases By 107.3%

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) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 427,800 shares, a growth of 107.3% from the August 15th total of 206,400 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 8,385,100 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 8,385,100 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Zion Oil & Gas Price Performance

Shares of Zion Oil & Gas stock opened at $0.18 on Friday. The business's fifty day moving average price is $0.22 and its two-hundred day moving average price is $0.19. The company has a market capitalization of $195.55 million, a P/E ratio of -0.10 and a beta of 1.70. Zion Oil & Gas has a 1-year low of $0.03 and a 1-year high of $0.28.

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

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