Short Interest in 88 Energy Limited (OTCMKTS:EEENF) Increases By 2,356.4%

88 Energy Limited (OTCMKTS:EEENF) saw a large growth in short interest in the month of May. As of May 28th, there was short interest totalling 631,300 shares, a growth of 2,356.4% from the May 13th total of 25,700 shares. Based on an average daily trading volume, of 157,422,400 shares, the short-interest ratio is currently 0.0 days.

Shares of OTCMKTS:EEENF remained flat at $$0.02 during trading on Friday. 67,807,188 shares of the company’s stock were exchanged, compared to its average volume of 236,775,453. 88 Energy has a 52 week low of $0.00 and a 52 week high of $0.20. The business’s fifty day moving average is $0.02.

88 Energy Company Profile

88 Energy Limited engages in the exploration of oil and gas properties in the United States. The company holds a 59% working interest in the Icewine project, which covers an area of approximately 231,000 acres located in North Slope of Alaska, the United States. It also holds a 100% working interest in the Yukon Gold leases covering an area of approximately 15,235 acres located on the eastern border of the Central North Slope of Alaska.

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