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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the recipient of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 19,300 shares, a growth of 739.1% from the May 15th total of 2,300 shares. Based on an average trading volume of 53,400 shares, the days-to-cover ratio is presently 0.4 days.

AKITA Drilling Stock Performance

AKITA Drilling stock opened at $1.59 on Thursday. AKITA Drilling has a 1-year low of $0.86 and a 1-year high of $1.60. The firm’s fifty day simple moving average is $1.32 and its 200-day simple moving average is $1.22.

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.