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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 3,200 shares, an increase of 52.4% from the October 15th total of 2,100 shares. Based on an average trading volume of 12,600 shares, the days-to-cover ratio is presently 0.3 days.

AKITA Drilling Stock Performance

OTCMKTS:AKTAF opened at $1.16 on Friday. AKITA Drilling has a 52 week low of $0.86 and a 52 week high of $1.33. The stock’s fifty day moving average is $1.12 and its two-hundred day moving average is $1.06.

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.