Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Declines By 59.9%

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 156,700 shares, a decline of 59.9% from the February 28th total of 390,800 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 8,908,000 shares, the days-to-cover ratio is presently 0.0 days.

Zion Oil & Gas Stock Performance

OTCMKTS ZNOG opened at $0.20 on Friday. The company has a fifty day moving average of $0.18 and a two-hundred day moving average of $0.11. Zion Oil & Gas has a 1 year low of $0.03 and a 1 year high of $0.27.

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.