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

by · The Cerbat Gem

AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) was the target of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 5,475 shares, a decrease of 92.4% from the April 30th total of 71,886 shares. Based on an average daily trading volume, of 106,383 shares, the short-interest ratio is presently 0.1 days.

AKITA Drilling Trading Down 2.6%

Shares of OTCMKTS:AKTAF traded down $0.08 on Wednesday, hitting $3.11. The company had a trading volume of 28,007 shares, compared to its average volume of 47,736. The firm’s 50-day simple moving average is $2.92 and its two-hundred day simple moving average is $2.04. AKITA Drilling has a 1 year low of $1.21 and a 1 year high of $5.85.

About AKITA Drilling

(Get Free Report)

Akita Drilling Ltd. (OTCMKTS: AKTAF) is a Calgary-based provider of contract drilling services to the oil and gas industry, specializing in land-based operations. The company maintains a fleet of modular, high-specification rigs designed to meet a range of well depths and geological conditions, including conventional, horizontal and directional drilling programs.

Akita’s comprehensive service offering encompasses well planning support, rig mobilization, site preparation and on-site crew management.

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