AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 5,475 shares, a drop of 92.4% from the April 30th total of 71,886 shares. Based on an average trading volume of 106,383 shares, the days-to-cover ratio is presently 0.1 days.
AKITA Drilling Stock Down 2.6%
Shares of AKITA Drilling stock traded down $0.08 during trading on Wednesday, hitting $3.11. The company’s stock had a trading volume of 28,007 shares, compared to its average volume of 47,736. The company has a fifty day simple moving average of $2.92 and a two-hundred day simple moving average of $2.04. AKITA Drilling has a 52 week low of $1.21 and a 52 week 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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