AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Rating) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 100 shares, a decline of 90.0% from the December 31st total of 1,000 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 0.1 days.

AKITA Drilling Stock Performance

Shares of OTCMKTS AKTAF traded up $0.02 during midday trading on Monday, hitting $1.28. 300 shares of the company's stock were exchanged, compared to its average volume of 575. AKITA Drilling has a 12 month low of $0.82 and a 12 month high of $2.29. The company's 50 day moving average price is $1.36 and its 200 day moving average price is $1.26.

Analysts Set New Price Targets

Separately, BMO Capital Markets upgraded shares of AKITA Drilling from a "market perform" rating to an "outperform" rating in a research note on Friday, November 4th.

AKITA Drilling Company Profile

AKITA Drilling Ltd. is an oil and gas drilling contractor in Canada and the United States. It provides contract drilling services to the oil and gas industry. The company is involved in the drilling of oil and gas wells; other forms of drilling related to potash mining; and development of storage caverns.

Further Reading

• Get a free copy of the StockNews.com research report on AKITA Drilling (AKTAF)
• 4 High-Yield Dividend Kings For 2023
• Will 2023 be a Good Year for Goodyear Tire Stock?
• Lululemon Stock, Buying Opportunity on Lowered Guidance?
• Is Delta On Track To Hit A Fresh 52-Week High?
• Should These Warren Buffet Picks Be Part of Your Portfolio?

Receive News & Ratings for AKITA Drilling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AKITA Drilling and related companies with MarketBeat.com's FREE daily email newsletter.