AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Rating) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 5,900 shares, an increase of 51.3% from the March 31st total of 3,900 shares. Based on an average daily volume of 62,200 shares, the short-interest ratio is currently 0.1 days.
AKITA Drilling Price Performance
AKTAF stock opened at $1.01 on Friday. AKITA Drilling has a 12-month low of $0.83 and a 12-month high of $2.11. The stock's 50 day simple moving average is $1.08 and its 200 day simple moving average is $1.24.
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Separately, BMO Capital Markets cut their target price on AKITA Drilling from C$3.25 to C$2.50 in a research report on Tuesday, March 21st.
AKITA Drilling Company Profile
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Akita Drilling Ltd. engages in the drilling solutions in the field of oil and natural gas. It operates through the following divisions: Canadian and US. The Canadian division conducts operations in Alberta, British Columbia, Saskatchewan, and from time to time, in the Yukon, and the Northwest Territories, primarily with its wholly owned rigs and through its active joint ventures.
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