88 Energy Limited (OTCMKTS:EEENF) Short Interest Up 238.8% in February

88 Energy Limited (OTCMKTS:EEENF) saw a large 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 daily volume of 1,794,220 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 1,794,220 shares, the short-interest ratio is currently 0.5 days.

88 Energy Price Performance

OTCMKTS EEENF traded up $0.00 during trading on Wednesday, hitting $0.02. 313,954 shares of the company traded hands, compared to its average volume of 587,346. 88 Energy has a 12 month low of $0.01 and a 12 month high of $0.03. The business has a fifty day simple moving average of $0.02 and a 200 day simple moving average of $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.