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

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the recipient of a significant growth in short interest in 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 volume of 1,320,367 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,320,367 shares, the short-interest ratio is currently 0.1 days.

Falcon Oil & Gas Stock Performance

FOLGF stock opened at $0.19 on Wednesday. Falcon Oil & Gas has a 1-year low of $0.07 and a 1-year high of $0.20. The business has a 50-day moving average price of $0.16 and a 200 day moving average price of $0.14.

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.