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

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the target of a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 92,578 shares, a growth of 319.9% from the January 15th total of 22,049 shares. Based on an average daily trading volume, of 1,320,367 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 1,320,367 shares, the short-interest ratio is presently 0.1 days.

Falcon Oil & Gas Trading Up 2.8%

Shares of OTCMKTS:FOLGF traded up $0.01 during trading on Friday, reaching $0.19. 100 shares of the stock traded hands, compared to its average volume of 508,769. The stock has a 50-day moving average of $0.17 and a two-hundred day moving average of $0.14. Falcon Oil & Gas has a 52-week low of $0.07 and a 52-week high of $0.20.

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.