Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Grows By 155.8%

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 663,600 shares, a growth of 155.8% from the September 30th total of 259,400 shares. Based on an average daily volume of 8,391,700 shares, the days-to-cover ratio is currently 0.1 days.

Zion Oil & Gas Trading Up 3.9 %

OTCMKTS:ZNOG opened at $0.04 on Monday. The stock has a fifty day simple moving average of $0.04 and a 200 day simple moving average of $0.05. Zion Oil & Gas has a 1-year low of $0.03 and a 1-year high of $0.10.

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.