Short Interest in 88 Energy Limited (OTCMKTS:EEENF) Decreases By 45.9%

88 Energy Limited (OTCMKTS:EEENF) saw 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,016,441 shares, the days-to-cover ratio is currently 0.7 days.

88 Energy Stock Performance

OTCMKTS:EEENF opened at $0.01 on Thursday. 88 Energy has a 52 week low of $0.01 and a 52 week high of $0.03. The company has a fifty day simple moving average of $0.02 and a two-hundred day simple moving average of $0.02.

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.