Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Sees Significant Growth in Short Interest

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 897,200 shares, a growth of 285.6% from the April 30th total of 232,700 shares. Based on an average daily trading volume, of 10,929,000 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Zion Oil & Gas Trading Up 9.4%

ZNOG opened at $0.19 on Thursday. The stock has a 50-day moving average of $0.16 and a 200-day moving average of $0.15. Zion Oil & Gas has a 52-week low of $0.03 and a 52-week 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.