AKITA Drilling Ltd. (OTCMKTS:AKTAF) Sees Significant Decline in Short Interest

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 2,800 shares, a decline of 51.7% from the September 15th total of 5,800 shares. Based on an average trading volume of 13,800 shares, the days-to-cover ratio is presently 0.2 days.

AKITA Drilling Stock Performance

Shares of AKTAF stock opened at $1.18 on Friday. The business has a fifty day simple moving average of $1.06 and a 200-day simple moving average of $1.05. AKITA Drilling has a fifty-two week low of $0.86 and a fifty-two week high of $1.35.

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.