Short Interest in Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) Drops By 26.0%

Falcon Oil & Gas Ltd. (OTCMKTS:FOLGF) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 122,000 shares, a decline of 26.0% from the February 13th total of 164,800 shares. Based on an average daily volume of 302,900 shares, the days-to-cover ratio is presently 0.4 days.

Falcon Oil & Gas Stock Up 8.7 %

FOLGF opened at $0.08 on Tuesday. The stock has a 50-day moving average price of $0.08 and a 200-day moving average price of $0.07. Falcon Oil & Gas has a 1 year low of $0.04 and a 1 year high of $0.12.

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.