Short Interest in Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) Drops By 54.9%

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 35,500 shares, a decrease of 54.9% from the March 15th total of 78,700 shares. Based on an average trading volume of 82,000 shares, the short-interest ratio is presently 0.4 days.

Falcon Oil & Gas Stock Performance

FOLGF stock traded down $0.00 during midday trading on Thursday, hitting $0.09. 45,245 shares of the stock were exchanged, compared to its average volume of 220,083. Falcon Oil & Gas has a fifty-two week low of $0.04 and a fifty-two week high of $0.10. The stock’s 50-day moving average price is $0.08 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.