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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 6,800 shares, a drop of 65.7% from the January 15th total of 19,800 shares. Based on an average daily volume of 26,800 shares, the days-to-cover ratio is currently 0.3 days.

AKITA Drilling Price Performance

Shares of OTCMKTS:AKTAF opened at $1.17 on Thursday. The stock’s 50-day moving average price is $1.16 and its two-hundred day moving average price is $1.12. AKITA Drilling has a 12-month low of $0.86 and a 12-month high of $1.33.

AKITA Drilling Company Profile

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.