Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) Short Interest Up ∞ in May

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGFGet Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 10,100 shares, a growth of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 155,042 shares, the short-interest ratio is presently 0.1 days.

Falcon Oil & Gas Price Performance

FOLGF remained flat at $0.24 on Monday. The company’s fifty day simple moving average is $0.23 and its 200 day simple moving average is $0.20. Falcon Oil & Gas has a 52-week low of $0.08 and a 52-week high of $0.30.

Falcon Oil & Gas Company Profile

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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.

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