Short Interest in AKITA Drilling Ltd. (OTCMKTS:AKTAF) Declines By 9.0%

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 13,100 shares, a decrease of 9.0% from the December 15th total of 14,400 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is presently 0.9 days.

AKITA Drilling Price Performance

OTCMKTS AKTAF opened at $1.20 on Monday. The business’s fifty day moving average price is $1.16 and its 200-day moving average price is $1.10. AKITA Drilling has a 1-year low of $0.86 and a 1-year high of $1.33.

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.