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

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

Zion Oil & Gas Price 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. Zion Oil & Gas has a 1 year low of $0.05 and a 1 year high of $0.10. The company’s 50 day moving average price is $0.06 and its 200-day moving average price is $0.06.

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.