AKITA Drilling Ltd. (OTCMKTS:AKTAF) Short Interest Down 65.7% in January

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 6,800 shares, a decline of 65.7% from the January 15th total of 19,800 shares. Based on an average daily trading volume, of 26,800 shares, the days-to-cover ratio is currently 0.3 days.

AKITA Drilling Stock Up 1.7 %

Shares of OTCMKTS AKTAF opened at $1.17 on Thursday. The firm’s 50-day moving average is $1.16 and its two-hundred day moving average is $1.12. AKITA Drilling has a 12-month low of $0.86 and a 12-month high of $1.33.

About AKITA Drilling

AKITA Drilling Ltd. operates as an oil and gas drilling contractor in Canada and the United States. It is involved in the drilling oil and gas wells, potash exploration and development wells, geothermal wells, disposal wells, and carbon storage wells, as well as wells to be developed into storage caverns for gas.