AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Free Report) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 34,640 shares, a growth of 532.7% from the May 14th total of 5,475 shares. Based on an average trading volume of 126,046 shares, the short-interest ratio is presently 0.3 days.
AKITA Drilling Price Performance
Shares of OTCMKTS:AKTAF opened at $2.95 on Wednesday. The company’s fifty day moving average is $3.01 and its two-hundred day moving average is $2.16. AKITA Drilling has a 12-month low of $1.21 and a 12-month high of $5.85.
About AKITA Drilling
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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