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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) saw a significant growth in short interest in August. As of August 31st, there was short interest totalling 11,700 shares, a growth of 431.8% from the August 15th total of 2,200 shares. Based on an average trading volume of 3,900 shares, the days-to-cover ratio is presently 3.0 days.

AKITA Drilling Trading Up 2.7 %

OTCMKTS:AKTAF opened at $0.98 on Friday. The business’s 50-day simple moving average is $1.02 and its 200-day simple moving average is $1.07. AKITA Drilling has a fifty-two week low of $0.86 and a fifty-two week high of $1.43.

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.