Short Interest in AKITA Drilling Ltd. (OTCMKTS:AKTAF) Drops By 51.8%

AKITA Drilling Ltd. (OTCMKTS:AKTAFGet Free Report) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 18,574 shares, a decline of 51.8% from the June 15th total of 38,535 shares. Based on an average trading volume of 34,270 shares, the short-interest ratio is currently 0.5 days.

AKITA Drilling Stock Performance

Shares of OTCMKTS AKTAF opened at $2.45 on Tuesday. The stock has a 50 day moving average price of $2.90 and a 200 day moving average price of $2.35. AKITA Drilling has a 52-week low of $1.21 and a 52-week high of $5.85.

AKITA Drilling Company Profile

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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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