Short Interest in AKITA Drilling Ltd. (OTCMKTS:AKTAF) Rises By 138.9%

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 12,900 shares, an increase of 138.9% from the February 28th total of 5,400 shares. Based on an average daily trading volume, of 26,500 shares, the days-to-cover ratio is currently 0.5 days.

AKITA Drilling Stock Down 3.0 %

AKITA Drilling stock opened at $1.29 on Friday. AKITA Drilling has a 52 week low of $0.86 and a 52 week high of $1.40. The business’s 50-day moving average price is $1.17 and its 200 day moving average price is $1.16.

About AKITA Drilling

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.