88 Energy Limited (OTCMKTS:EEENF – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 716,845 shares, a decrease of 45.9% from the June 30th total of 1,325,838 shares. Based on an average daily trading volume, of 1,016,441 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.
88 Energy Stock Up 2.1%
Shares of OTCMKTS EEENF traded up $0.00 during midday trading on Wednesday, reaching $0.01. 45,972 shares of the company traded hands, compared to its average volume of 714,843. 88 Energy has a 12 month low of $0.01 and a 12 month high of $0.03. The stock’s 50-day simple moving average is $0.02 and its 200-day simple moving average 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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