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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totalling 3,900 shares, an increase of 18.2% from the August 15th total of 3,300 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 1.7 days.

AKITA Drilling Trading Down 0.7 %

AKTAF opened at $1.41 on Monday. The stock has a 50-day moving average price of $1.27 and a 200-day moving average price of $1.10. AKITA Drilling has a 12-month low of $0.83 and a 12-month high of $1.62.

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.