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

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

AKITA Drilling Stock Up 1.1 %

Shares of AKITA Drilling stock traded up $0.01 during trading on Friday, hitting $1.08. The company’s stock had a trading volume of 5,500 shares, compared to its average volume of 5,225. AKITA Drilling has a 52 week low of $0.86 and a 52 week high of $1.35. The company has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.06.

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.