AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) saw a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 101,683 shares, an increase of 185.5% from the July 15th total of 35,621 shares. Based on an average trading volume of 58,864 shares, the days-to-cover ratio is presently 1.7 days.
AKITA Drilling Stock Performance
Shares of AKTAF stock opened at $2.98 on Friday. The company has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.53. AKITA Drilling has a fifty-two week low of $1.21 and a fifty-two week high of $5.85.
AKITA Drilling Company Profile
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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