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

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 99,972 shares, an increase of 185.0% from the December 15th total of 35,081 shares. Based on an average trading volume of 1,235,578 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 1,235,578 shares, the days-to-cover ratio is presently 0.1 days.

Falcon Oil & Gas Trading Down 0.2%

OTCMKTS FOLGF opened at $0.17 on Wednesday. The business’s 50 day moving average is $0.15 and its two-hundred day moving average is $0.12. Falcon Oil & Gas has a 12-month low of $0.07 and a 12-month high of $0.18.

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.