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

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

Falcon Oil & Gas Trading Up 2.4%

Shares of FOLGF traded up $0.00 on Friday, reaching $0.19. The stock had a trading volume of 163,533 shares, compared to its average volume of 599,990. Falcon Oil & Gas has a 12-month low of $0.07 and a 12-month high of $0.20. The company has a 50-day simple moving average of $0.16 and a 200-day simple moving average of $0.13.

About Falcon Oil & Gas

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.