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

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

Falcon Oil & Gas Price Performance

OTCMKTS:FOLGF opened at $0.24 on Tuesday. The stock has a 50-day simple moving average of $0.23 and a 200-day simple moving average of $0.20. Falcon Oil & Gas has a 1 year low of $0.08 and a 1 year 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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