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

AKITA Drilling Ltd. (OTCMKTS:AKTAFGet Rating) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 300 shares, an increase of 50.0% from the March 15th total of 200 shares. Based on an average daily volume of 23,100 shares, the short-interest ratio is presently 0.0 days.

AKTAF opened at $2.18 on Tuesday. AKITA Drilling has a one year low of $0.58 and a one year high of $2.29. The business’s 50 day moving average price is $1.22 and its 200 day moving average price is $0.98.

AKITA Drilling Company Profile (Get Rating)

AKITA Drilling Ltd. provides contract drilling services in Canada and the United States. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns. It specializes in pad and other purpose-built drilling rigs; and conventional, directional, horizontal, and underbalanced drilling services.

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