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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 1,700 shares, a drop of 15.0% from the May 15th total of 2,000 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is currently 0.2 days.

AKITA Drilling Trading Down 0.9 %

OTCMKTS AKTAF opened at $0.98 on Monday. The firm’s 50 day simple moving average is $1.07 and its 200 day simple moving average is $1.09. AKITA Drilling has a 1 year low of $0.86 and a 1 year high of $1.45.

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.