88 Energy Limited (OTCMKTS:EEENF) Sees Large Growth in Short Interest

88 Energy Limited (OTCMKTS:EEENF) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 453,546 shares, a growth of 71.9% from the January 15th total of 263,798 shares. Based on an average trading volume of 984,437 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 984,437 shares, the short-interest ratio is presently 0.5 days.

88 Energy Stock Down 5.4%

OTCMKTS:EEENF traded down $0.00 on Friday, reaching $0.01. 280 shares of the company’s stock were exchanged, compared to its average volume of 468,610. The business has a fifty day moving average of $0.01 and a 200-day moving average of $0.01. 88 Energy has a 52-week low of $0.01 and a 52-week 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.