AKITA Drilling Ltd. (OTCMKTS:AKTAF) Sees Large Drop in Short Interest

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 5,800 shares, a decline of 50.4% from the August 31st total of 11,700 shares. Based on an average trading volume of 10,700 shares, the short-interest ratio is presently 0.5 days.

AKITA Drilling Stock Performance

Shares of AKTAF stock remained flat at $1.14 on Thursday. The business’s 50 day moving average price is $1.03 and its two-hundred day moving average price is $1.06. AKITA Drilling has a 1-year low of $0.86 and a 1-year high of $1.41.

AKITA Drilling Company Profile

AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas.