Akita Drilling Stock Number Of Shares Shorted
| AKT-A Stock | CAD 2.05 0.01 0.49% |
AKITA Drilling's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting AKITA Stock price.
AKITA | Number Of Shares Shorted |
AKITA Drilling Company Number Of Shares Shorted Analysis
AKITA Drilling's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current AKITA Drilling Number Of Shares Shorted | 15.98 K |
Most of AKITA Drilling's fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, AKITA Drilling is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
AKITA Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for AKITA Drilling is extremely important. It helps to project a fair market value of AKITA Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since AKITA Drilling's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AKITA Drilling's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AKITA Drilling's interrelated accounts and indicators.
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If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, AKITA Drilling has 15.98 K of outstending shares currently sold short by investors. This is 99.81% lower than that of the Energy Equipment & Services sector and 99.94% lower than that of the Energy industry. The number of shares shorted for all Canada stocks is 99.66% higher than that of the company.
AKITA Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AKITA Drilling's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AKITA Drilling could also be used in its relative valuation, which is a method of valuing AKITA Drilling by comparing valuation metrics of similar companies.AKITA Drilling is currently under evaluation in number of shares shorted category among its peers.
AKITA Drilling Current Valuation Drivers
We derive many important indicators used in calculating different scores of AKITA Drilling from analyzing AKITA Drilling's financial statements. These drivers represent accounts that assess AKITA Drilling's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of AKITA Drilling's important valuation drivers and their relationship over time.
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 (projected) | ||
| Market Cap | 19.0M | 37.2M | 68.5M | 54.8M | 63.6M | 60.4M | |
| Enterprise Value | 89.2M | 123.9M | 150.5M | 114.1M | 108.2M | 119.6M |
AKITA Fundamentals
| Return On Equity | 0.13 | ||||
| Return On Asset | 0.0339 | ||||
| Profit Margin | 0.1 % | ||||
| Operating Margin | 0.01 % | ||||
| Current Valuation | 110.62 M | ||||
| Shares Outstanding | 38 M | ||||
| Shares Owned By Insiders | 17.75 % | ||||
| Shares Owned By Institutions | 20.75 % | ||||
| Number Of Shares Shorted | 15.98 K | ||||
| Price To Earning | (6.85) X | ||||
| Price To Book | 0.44 X | ||||
| Price To Sales | 0.37 X | ||||
| Revenue | 193.32 M | ||||
| Gross Profit | 59.44 M | ||||
| EBITDA | 48.26 M | ||||
| Net Income | 12.86 M | ||||
| Cash And Equivalents | 6.68 M | ||||
| Cash Per Share | 0.17 X | ||||
| Total Debt | 51.65 M | ||||
| Debt To Equity | 0.43 % | ||||
| Current Ratio | 1.85 X | ||||
| Book Value Per Share | 4.62 X | ||||
| Cash Flow From Operations | 30.26 M | ||||
| Short Ratio | 0.24 X | ||||
| Earnings Per Share | 0.55 X | ||||
| Target Price | 2.5 | ||||
| Number Of Employees | 1.06 K | ||||
| Beta | 2.1 | ||||
| Market Capitalization | 82.76 M | ||||
| Total Asset | 268.76 M | ||||
| Retained Earnings | 15.37 M | ||||
| Working Capital | 23.55 M | ||||
| Five Year Return | 9.09 % | ||||
| Net Asset | 268.76 M |
About AKITA Drilling Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AKITA Drilling's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AKITA Drilling using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AKITA Drilling based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with AKITA Drilling
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AKITA Drilling position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AKITA Drilling will appreciate offsetting losses from the drop in the long position's value.Moving against AKITA Stock
| 0.59 | ZZE-H | Zidane Capital Corp | PairCorr |
| 0.56 | ENB-PFV | Enbridge Pref 5 | PairCorr |
| 0.5 | EBM | Eastwood Bio Medical | PairCorr |
| 0.47 | MFC | Manulife Financial Corp | PairCorr |
| 0.43 | FN-PB | First National Financial | PairCorr |
The ability to find closely correlated positions to AKITA Drilling could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AKITA Drilling when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AKITA Drilling - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AKITA Drilling to buy it.
The correlation of AKITA Drilling is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AKITA Drilling moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AKITA Drilling moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AKITA Drilling can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for AKITA Stock Analysis
When running AKITA Drilling's price analysis, check to measure AKITA Drilling's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AKITA Drilling is operating at the current time. Most of AKITA Drilling's value examination focuses on studying past and present price action to predict the probability of AKITA Drilling's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AKITA Drilling's price. Additionally, you may evaluate how the addition of AKITA Drilling to your portfolios can decrease your overall portfolio volatility.