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

88 Energy Limited (OTCMKTS:EEENF) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 975,949 shares, a growth of 238.8% from the February 12th total of 288,050 shares. Based on an average trading volume of 1,794,220 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,794,220 shares, the days-to-cover ratio is presently 0.5 days.

88 Energy Stock Down 6.5%

OTCMKTS EEENF opened at $0.02 on Friday. 88 Energy has a one year low of $0.01 and a one year high of $0.03. The stock’s 50-day moving average is $0.02 and its 200-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.