Short Interest in AKITA Drilling Ltd. (OTCMKTS:AKTAF) Decreases By 15.0%

AKITA Drilling Ltd. (OTCMKTS:AKTAF) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 1,700 shares, a drop of 15.0% from the May 15th total of 2,000 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is presently 0.2 days.

AKITA Drilling Price Performance

Shares of AKITA Drilling stock remained flat at $0.98 during trading on Friday. The stock has a 50-day moving average price of $1.07 and a 200-day moving average price of $1.09. AKITA Drilling has a 12 month low of $0.86 and a 12 month high of $1.45.

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.