Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Short Interest Up 46.0% in October

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) was the target of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 968,900 shares, an increase of 46.0% from the October 15th total of 663,600 shares. Based on an average daily volume of 6,807,900 shares, the days-to-cover ratio is presently 0.1 days.

Zion Oil & Gas Stock Performance

Shares of OTCMKTS ZNOG opened at $0.09 on Friday. The stock’s 50 day moving average price is $0.04 and its 200-day moving average price is $0.05. Zion Oil & Gas has a twelve month low of $0.03 and a twelve month high of $0.10.

Zion Oil & Gas Company Profile

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.