AKITA Drilling Ltd. (OTCMKTS:AKTAF) Short Interest Down 50.4% in September

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totalling 5,800 shares, a drop of 50.4% from the August 31st total of 11,700 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is presently 0.5 days.

AKITA Drilling Stock Performance

OTCMKTS AKTAF traded up $0.01 during trading hours on Friday, reaching $1.08. 5,500 shares of the company were exchanged, compared to its average volume of 5,225. The business’s 50 day simple moving average is $1.03 and its 200-day simple moving average is $1.06. AKITA Drilling has a 1 year low of $0.86 and a 1 year high of $1.35.

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.