88 Energy Limited (OTCMKTS:EEENF – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,126,494 shares, an increase of 59.0% from the August 15th total of 708,471 shares. Based on an average daily trading volume, of 788,760 shares, the short-interest ratio is currently 1.4 days. Currently, 0.1% of the company’s shares are short sold.
88 Energy Stock Down 0.7%
Shares of OTCMKTS EEENF opened at $0.01 on Thursday. 88 Energy has a twelve month low of $0.01 and a twelve month high of $0.03. The stock has a fifty day simple moving average of $0.01 and a 200-day simple moving average of $0.02.
About 88 Energy
88 Energy Limited (OTCMKTS:EEENF) is an exploration and development company focused on identifying and appraising hydrocarbon resources in frontier basins. Headquartered in Perth, Australia, the company holds a portfolio of onshore licences in the North Slope region of Alaska, where it applies modern seismic and drilling techniques to investigate unconventional oil and gas plays. 88 Energy’s exploration strategy emphasizes partnerships and joint ventures to share technical expertise and capital requirements in challenging environments.
The company’s flagship asset is Project Icewine, encompassing extensive acreage in the western portion of the North Slope.
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