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 in October. As of October 15th, there was short interest totalling 2,100 shares, a drop of 25.0% from the September 30th total of 2,800 shares. Based on an average daily trading volume, of 8,100 shares, the days-to-cover ratio is currently 0.3 days.

AKITA Drilling Trading Down 1.9 %

AKTAF stock traded down $0.02 during trading hours on Monday, hitting $1.13. 5,400 shares of the stock traded hands, compared to its average volume of 5,537. The stock has a 50-day simple moving average of $1.09 and a 200 day simple moving average of $1.05. AKITA Drilling has a one year low of $0.86 and a one year high of $1.33.

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.