88 Energy Limited (OTCMKTS:EEENF – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,126,494 shares, a growth of 59.0% from the August 15th total of 708,471 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 788,760 shares, the short-interest ratio is presently 1.4 days.
88 Energy Stock Down 0.7%
Shares of EEENF opened at $0.01 on Thursday. 88 Energy has a fifty-two week low of $0.01 and a fifty-two week high of $0.03. The firm’s 50 day moving average price is $0.01 and its 200 day moving average price is $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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