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

88 Energy Limited (OTCMKTS:EEENF) was the target of a large increase in short interest in March. As of March 31st, there was short interest totaling 1,305,374 shares, an increase of 29.4% from the March 15th total of 1,008,426 shares. Based on an average trading volume of 2,286,154 shares, the days-to-cover ratio is currently 0.6 days.

88 Energy Stock Down 18.3%

88 Energy stock opened at $0.02 on Thursday. The stock’s 50 day simple moving average is $0.02 and its two-hundred day simple moving average is $0.02. 88 Energy has a fifty-two week low of $0.01 and a fifty-two week high of $0.03.

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.