AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 16,643 shares, a drop of 77.1% from the August 15th total of 72,705 shares. Based on an average daily trading volume, of 24,375 shares, the days-to-cover ratio is presently 0.7 days.
AKITA Drilling Stock Down 2.8%
Shares of AKITA Drilling stock opened at $2.80 on Friday. The company has a 50 day moving average of $2.67 and a 200-day moving average of $2.71. AKITA Drilling has a 1-year low of $1.21 and a 1-year 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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