AKITA Drilling Ltd. (OTCMKTS:AKTAF) Short Interest Update

AKITA Drilling Ltd. (OTCMKTS:AKTAFGet Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 17,588 shares, an increase of 152.7% from the November 30th total of 6,959 shares. Based on an average daily trading volume, of 32,466 shares, the short-interest ratio is currently 0.5 days. Based on an average daily trading volume, of 32,466 shares, the short-interest ratio is currently 0.5 days.

AKITA Drilling Trading Up 0.3%

Shares of OTCMKTS:AKTAF opened at $1.44 on Friday. AKITA Drilling has a 12 month low of $0.99 and a 12 month high of $1.79. The company’s fifty day moving average price is $1.42 and its 200 day moving average price is $1.51.

About AKITA Drilling

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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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