88 Energy Limited (OTCMKTS:EEENF – Get Free Report) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 798,530 shares, a decrease of 59.2% from the May 31st total of 1,957,068 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 1,197,681 shares, the short-interest ratio is currently 0.7 days.
88 Energy Stock Down 11.0%
EEENF opened at $0.01 on Tuesday. The firm’s fifty day simple moving average is $0.02 and its two-hundred day simple moving average is $0.02. 88 Energy has a 52-week low of $0.01 and a 52-week 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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