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

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG - Get Free Report) was the recipient of a significant decline in short interest in 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. Based on an average trading volume of 8,908,000 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company's shares are short sold.

Zion Oil & Gas Stock Performance

Shares of OTCMKTS:ZNOG traded down $0.00 during midday trading on Friday, hitting $0.20. 3,115,566 shares of the company's stock traded hands, compared to its average volume of 4,111,139. The firm's fifty day moving average price is $0.18 and its two-hundred day moving average price is $0.11. Zion Oil & Gas has a twelve month low of $0.03 and a twelve month 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.