Short Interest in AKITA Drilling Ltd. (OTCMKTS:AKTAF) Grows By 7,800.0%

AKITA Drilling Ltd. (OTCMKTS:AKTAFGet Rating) saw a significant increase in short interest in May. As of May 31st, there was short interest totalling 7,900 shares, an increase of 7,800.0% from the May 15th total of 100 shares. Based on an average daily trading volume, of 5,600 shares, the days-to-cover ratio is presently 1.4 days.

Shares of OTCMKTS:AKTAF traded up $0.02 during midday trading on Friday, reaching $2.07. The company’s stock had a trading volume of 24,400 shares, compared to its average volume of 19,267. AKITA Drilling has a fifty-two week low of $0.58 and a fifty-two week high of $2.29. The business’s fifty day simple moving average is $1.87 and its 200-day simple moving average is $1.23.

About AKITA Drilling (Get Rating)

AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. It provides contract drilling services to the oil and gas industry. 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.

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