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

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 164,800 shares, an increase of 800.5% from the January 31st total of 18,300 shares. Based on an average daily trading volume, of 761,600 shares, the days-to-cover ratio is currently 0.2 days.

Falcon Oil & Gas Trading Up 6.4 %

FOLGF traded up $0.01 on Thursday, reaching $0.09. 563,856 shares of the company traded hands, compared to its average volume of 280,639. Falcon Oil & Gas has a one year low of $0.04 and a one year high of $0.14. The firm has a fifty day simple moving average of $0.08 and a two-hundred day simple moving average 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.