88 Energy Limited (OTCMKTS:EEENF) Sees Significant Decrease in Short Interest

88 Energy Limited (OTCMKTS:EEENF) was the target of a significant decrease in short interest during 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 daily volume of 1,453,008 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 1,453,008 shares, the short-interest ratio is currently 0.2 days.

88 Energy Stock Down 5.0%

OTCMKTS EEENF opened at $0.02 on Tuesday. 88 Energy has a 1 year low of $0.01 and a 1 year high of $0.05. The business’s fifty day moving average is $0.01 and its two-hundred day moving average is $0.01.

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.