AKITA Drilling Ltd. (OTCMKTS:AKTAF) Short Interest Down 9.0% in December

AKITA Drilling Ltd. (OTCMKTS:AKTAF) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 13,100 shares, a decline of 9.0% from the December 15th total of 14,400 shares. Based on an average daily trading volume, of 13,800 shares, the days-to-cover ratio is presently 0.9 days.

AKITA Drilling Trading Down 1.6 %

AKTAF opened at $1.20 on Friday. AKITA Drilling has a 1-year low of $0.86 and a 1-year high of $1.33. The firm’s 50 day simple moving average is $1.16 and its two-hundred day simple moving average is $1.10.

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.