AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 16,643 shares, a decline of 77.1% from the August 15th total of 72,705 shares. Based on an average trading volume of 24,375 shares, the short-interest ratio is presently 0.7 days.
AKITA Drilling Stock Down 2.8%
Shares of AKITA Drilling stock opened at $2.80 on Friday. AKITA Drilling has a one year low of $1.21 and a one year high of $5.85. The stock’s fifty day moving average is $2.67 and its 200 day moving average is $2.71.
About AKITA Drilling
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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