Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) Sees Significant Decrease in Short Interest

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 22,049 shares, a drop of 77.9% from the December 31st total of 99,972 shares. Based on an average trading volume of 1,254,192 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 1,254,192 shares, the days-to-cover ratio is currently 0.0 days.

Falcon Oil & Gas Trading Up 1.8%

Shares of FOLGF stock traded up $0.00 during trading hours on Thursday, hitting $0.19. The stock had a trading volume of 1,807,554 shares, compared to its average volume of 566,650. The stock’s 50-day moving average price is $0.16 and its two-hundred day moving average price is $0.13. Falcon Oil & Gas has a one year low of $0.07 and a one year high of $0.19.

Falcon Oil & Gas Company Profile

Falcon Oil & Gas Limited is an independent oil and gas exploration and production company headquartered in Dublin, Ireland, and trading on the OTC Markets under the symbol FOLGF. The company is focused on identifying, acquiring and developing both conventional and unconventional hydrocarbon resources in Europe, with a primary emphasis on Central Europe.

The company’s principal assets include onshore exploration permits and production licenses in Hungary and Romania. In Hungary, Falcon holds interests in multiple blocks where it has conducted 2D and 3D seismic surveys and appraisal drilling to evaluate the potential of unconventional gas plays.