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

AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Rating) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 100 shares, a decline of 96.9% from the April 15th total of 3,200 shares. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is currently 0.0 days.

AKITA Drilling stock traded down $0.02 during mid-day trading on Wednesday, hitting $1.63. 25,210 shares of the stock were exchanged, compared to its average volume of 23,898. AKITA Drilling has a 12 month low of $0.58 and a 12 month high of $2.29. The firm’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.07.

AKITA Drilling Company Profile (Get Rating)

AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling services.

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