AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 34,640 shares, a growth of 532.7% from the May 14th total of 5,475 shares. Based on an average daily volume of 126,046 shares, the days-to-cover ratio is currently 0.3 days.
AKITA Drilling Trading Down 7.1%
OTCMKTS AKTAF opened at $2.73 on Friday. The company’s 50 day simple moving average is $3.02 and its 200 day simple moving average is $2.18. AKITA Drilling has a 12 month low of $1.21 and a 12 month 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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