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Short Interest in Zion Oil & Gas, Inc. (OTCMKTS:ZNOG) Expands By 306.7%

Defense World ·  Jul 28, 2022 13:11

Zion Oil & Gas, Inc. (OTCMKTS:ZNOG – Get Rating) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 826,400 shares, an increase of 306.7% from the June 30th total of 203,200 shares. Based on an average daily volume of 1,931,800 shares, the days-to-cover ratio is currently 0.4 days.

Zion Oil & Gas Stock Up 3.3 %

Shares of OTCMKTS ZNOG opened at $0.23 on Thursday. Zion Oil & Gas has a fifty-two week low of $0.10 and a fifty-two week high of $0.42. The business has a 50 day moving average price of $0.24 and a two-hundred day moving average price of $0.18. The firm has a market cap of $108.66 million, a PE ratio of -4.59 and a beta of 0.71.

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Zion Oil & Gas (OTCMKTS:ZNOG – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported ($0.01) earnings per share for the quarter.

Zion Oil & Gas Company Profile

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Zion Oil & Gas, Inc, together with its subsidiaries, operates as an oil and gas exploration company in Israel. The company holds a petroleum exploration license onshore Israel, the New Megiddo License 428 comprising an area of approximately 99,000 acres. Zion Oil & Gas, Inc was incorporated in 2000 and is headquartered in Dallas, Texas.

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