Zion Oil & Gas Inc (OTCMKTS:ZNOG) Short Interest Up 282.5% in July

Key Points

• Zion Oil & Gas Inc saw a significant increase in short interest of 282.5% in July, with total short interest reaching 952,900 shares.
• The company's stock price opened at $0.23 on August 11th, with a market capitalization of $253.83 million and a P/E ratio of -0.13.
• For the latest quarter, Zion Oil & Gas reported an EPS of ($1.77), indicating a loss for the period.

Zion Oil & Gas Inc (OTCMKTS:ZNOG - Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 952,900 shares, agrowthof282.5% from the July 15th total of 249,100 shares. Based on an average trading volume of 6,378,200 shares, the short-interest ratio is presently 0.1 days. Currently,0.1% of the shares of the company are sold short. Currently,0.1% of the shares of the company are sold short. Based on an average trading volume of 6,378,200 shares, the short-interest ratio is presently 0.1 days.

Zion Oil & Gas Trading Down 7.5%

ZNOG traded down $0.01 on Tuesday, hitting $0.18. 4,911,207 shares of the stock traded hands, compared to its average volume of 4,556,831. Zion Oil & Gas has a 52 week low of $0.03 and a 52 week high of $0.28. The firm has a market capitalization of $198.92 million, a PE ratio of -0.10 and a beta of 1.49. The business has a fifty day moving average price of $0.20 and a two-hundred day moving average price of $0.18.

Zion Oil & Gas (OTCMKTS:ZNOG - Get Free Report) last released 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.