Short Interest in 88 Energy Limited (OTCMKTS:EEENF) Increases By 59.0%

88 Energy Limited (OTCMKTS:EEENF) was the recipient of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,126,494 shares, an increase of 59.0% from the August 15th total of 708,471 shares. Based on an average trading volume of 788,760 shares, the short-interest ratio is presently 1.4 days. Currently, 0.1% of the company’s shares are short sold.

88 Energy Trading Down 0.7%

EEENF opened at $0.01 on Friday. The stock has a 50-day moving average of $0.01 and a 200 day moving average of $0.02. 88 Energy has a 12 month low of $0.01 and a 12 month high of $0.03.

88 Energy Company Profile

88 Energy Ltd. is an Australian oil and gas exploration company focused primarily on identifying and developing hydrocarbon resources in Alaska. The company’s activities include acquiring exploration acreage, conducting geological and geophysical studies, drilling appraisal and exploration wells, and evaluating potential oil and natural gas discoveries.

The company’s principal assets and projects have historically been located on Alaska’s North Slope, an established petroleum-producing region.