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

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

88 Energy Stock Performance

Shares of EEENF opened at $0.02 on Friday. 88 Energy has a 52-week low of $0.01 and a 52-week high of $0.03. The business has a fifty day moving average of $0.02 and a 200 day 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.