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. Approximately0.1% of the shares of the company are short sold. Based on an average trading volume of 6,378,200 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 6,378,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.1% of the shares of the company are short sold.

Zion Oil & Gas Price Performance

OTCMKTS:ZNOG opened at $0.23 on Friday. The firm has a market capitalization of $253.83 million, a P/E ratio of -0.13 and a beta of 1.49. The company's fifty day moving average price is $0.20 and its 200-day moving average price is $0.18. 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 released its quarterly earnings results on Monday, August 11th. The company reported ($1.77) 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.

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