AKITA Drilling Ltd. (OTCMKTS:AKTAF – Get Rating) saw a large growth in short interest in January. As of January 15th, there was short interest totalling 300 shares, a growth of 200.0% from the December 31st total of 100 shares. Based on an average trading volume of 1,100 shares, the days-to-cover ratio is presently 0.3 days.

AKITA Drilling Stock Performance

Shares of AKTAF remained flat at $1.46 during trading hours on Thursday. 175 shares of the company were exchanged, compared to its average volume of 632. The company's 50-day simple moving average is $1.33 and its 200-day simple moving average is $1.26. AKITA Drilling has a 52 week low of $0.82 and a 52 week high of $2.29.

Wall Street Analyst Weigh In

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

AKITA Drilling Company Profile

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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