Zion Oil & Gas Inc (OTCMKTS:ZNOG) Short Interest Down 39.1% in September

Key Points

• Zion Oil & Gas Inc experienced a significant decrease in short interest of 39.1% in September, dropping from 347,500 shares to 211,500 shares.
• The company's stock opened at $0.19, with a market cap of approximately $218.49 million, and reported a price-to-earnings ratio of -0.11.
• In its latest quarterly earnings report, Zion Oil & Gas disclosed an earnings per share loss of ($1.77) for the quarter ending August 11th.

Zion Oil & Gas Inc (OTCMKTS:ZNOG - Get Free Report) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 211,500 shares, a decrease of 39.1% from the September 15th total of 347,500 shares. Based on an average daily volume of 3,957,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 3,957,000 shares, the short-interest ratio is currently 0.1 days.

Zion Oil & Gas Trading Up 1.5%

OTCMKTS:ZNOG opened at $0.19 on Wednesday. The firm has a market cap of $218.49 million, a price-to-earnings ratio of -0.11 and a beta of 1.54. The company's 50-day moving average is $0.19 and its two-hundred day moving average is $0.18. Zion Oil & Gas has a 12-month low of $0.04 and a 12-month high of $0.28.

Zion Oil & Gas (OTCMKTS:ZNOG - Get Free Report) last announced its quarterly earnings data 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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