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

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 89,400 shares, a drop of 7.1% from the December 15th total of 96,200 shares. Based on an average daily trading volume, of 1,093,500 shares, the short-interest ratio is currently 0.1 days.

Falcon Oil & Gas Stock Performance

FOLGF traded up $0.01 during trading on Friday, hitting $0.09. The stock had a trading volume of 928,151 shares, compared to its average volume of 298,896. Falcon Oil & Gas has a twelve month low of $0.04 and a twelve month high of $0.16. The company’s 50-day moving average price is $0.06 and its 200 day moving average price is $0.07.

About Falcon Oil & Gas

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.