Short Interest in 88 Energy Limited (OTCMKTS:EEENF) Drops By 15.8%

88 Energy Limited (OTCMKTS:EEENF) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 7,221,800 shares, a decline of 15.8% from the January 15th total of 8,580,200 shares. Based on an average daily trading volume, of 20,010,800 shares, the short-interest ratio is presently 0.4 days.

88 Energy Stock Performance

Shares of 88 Energy stock traded up $0.00 during midday trading on Friday, reaching $0.00. 8,862,496 shares of the company’s stock traded hands, compared to its average volume of 11,122,684. 88 Energy has a 12 month low of $0.00 and a 12 month high of $0.01.

88 Energy Company Profile

88 Energy Limited engages in the exploration and production of oil and gas properties in the United States and Namibia. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia.