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 in December. As of December 15th, there was short interest totalling 96,200 shares, a growth of 577.5% from the November 30th total of 14,200 shares. Based on an average daily volume of 461,900 shares, the days-to-cover ratio is currently 0.2 days.

Falcon Oil & Gas Price Performance

FOLGF stock traded up $0.00 during midday trading on Thursday, reaching $0.06. The company had a trading volume of 37,000 shares, compared to its average volume of 250,948. Falcon Oil & Gas has a 1 year low of $0.04 and a 1 year high of $0.16. The firm has a 50-day moving average price of $0.06 and a 200-day moving average price of $0.07.

Falcon Oil & Gas Company Profile

Falcon Oil & Gas Ltd., an oil and gas company, engages in the exploration and development of unconventional oil and gas assets in Australia, South Africa, and Hungary. The company holds 22.5% interests in three exploration permits covering an area of approximately 1 million net acres in the Beetaloo Sub-basin, Northern Territory, Australia.