88 Energy Limited (OTCMKTS:EEENF) Short Interest Down 26.3% in December

88 Energy Limited (OTCMKTS:EEENF) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 263,206 shares, a decrease of 26.3% from the November 30th total of 357,131 shares. Based on an average trading volume of 1,453,008 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 1,453,008 shares, the days-to-cover ratio is currently 0.2 days.

88 Energy Price Performance

Shares of OTCMKTS EEENF traded up $0.00 during midday trading on Wednesday, hitting $0.01. 286,753 shares of the company’s stock traded hands, compared to its average volume of 396,483. The firm has a fifty day moving average of $0.01 and a 200 day moving average of $0.01. 88 Energy has a 1 year low of $0.01 and a 1 year high of $0.05.

88 Energy Company Profile

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.