Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Declines By 96.2%

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 216,400 shares, a drop of 96.2% from the June 30th total of 5,639,500 shares. Based on an average daily trading volume, of 3,234,100 shares, the short-interest ratio is currently 0.1 days.

Zion Oil & Gas Stock Performance

OTCMKTS:ZNOG remained flat at $0.06 during midday trading on Thursday. The company had a trading volume of 4,001,017 shares, compared to its average volume of 2,795,978. The business’s 50-day simple moving average is $0.06 and its two-hundred day simple moving average is $0.06. Zion Oil & Gas has a 52-week low of $0.05 and a 52-week 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.