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

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

AKITA Drilling Stock Performance

Shares of AKITA Drilling stock remained flat at $1.15 during trading on Wednesday. AKITA Drilling has a 52-week low of $0.86 and a 52-week high of $1.33. The company’s 50-day moving average is $1.16 and its 200-day moving average is $1.12.

AKITA Drilling Company Profile

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.