Short Interest in AKITA Drilling Ltd. (OTCMKTS:AKTAF) Rises By 185.5%

AKITA Drilling Ltd. (OTCMKTS:AKTAFGet Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 101,683 shares, a growth of 185.5% from the July 15th total of 35,621 shares. Based on an average daily trading volume, of 58,864 shares, the short-interest ratio is presently 1.7 days.

AKITA Drilling Stock Performance

AKTAF stock opened at $2.98 on Friday. The firm’s fifty day moving average is $2.58 and its 200 day moving average is $2.53. AKITA Drilling has a one year low of $1.21 and a one year high of $5.85.

AKITA Drilling Company Profile

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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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