88 Energy Limited (OTCMKTS:EEENF – Get Free Report) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 716,845 shares, a drop of 45.9% from the June 30th total of 1,325,838 shares. Based on an average daily volume of 1,016,441 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.1% of the company’s stock are sold short.
88 Energy Stock Performance
88 Energy stock traded up $0.00 during midday trading on Wednesday, hitting $0.01. 45,972 shares of the company were exchanged, compared to its average volume of 714,843. 88 Energy has a fifty-two week low of $0.01 and a fifty-two week high of $0.03. The company’s fifty day moving average price is $0.02 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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