88 Energy Limited (OTCMKTS:EEENF – Get Free Report) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 716,845 shares, a drop of 45.9% from the June 30th total of 1,325,838 shares. Based on an average daily volume of 1,016,441 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.1% of the company’s stock are short sold.
88 Energy Stock Up 12.0%
Shares of OTCMKTS:EEENF traded up $0.00 during mid-day trading on Friday, hitting $0.01. 40,726 shares of the company traded hands, compared to its average volume of 708,412. The stock has a 50-day moving average price of $0.02 and a two-hundred day moving average price of $0.02. 88 Energy has a 12-month low of $0.01 and a 12-month 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.
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