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

88 Energy Limited (OTCMKTS:EEENF) was the target of a significant increase in short interest in the month of 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 daily trading volume, of 2,286,154 shares, the short-interest ratio is currently 0.6 days.

88 Energy Stock Performance

EEENF stock opened at $0.02 on Friday. 88 Energy has a 12-month low of $0.01 and a 12-month high of $0.03. The company’s fifty day simple moving average is $0.02 and its 200 day simple moving average is $0.02.

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.