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

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 28,900 shares, an increase of 803.1% from the October 31st total of 3,200 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is currently 1.8 days.

AKITA Drilling Stock Performance

Shares of AKTAF opened at $1.15 on Thursday. The company has a 50-day moving average price of $1.16 and a two-hundred day moving average price of $1.06. AKITA Drilling has a 12 month low of $0.86 and a 12 month high of $1.33.

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.