Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 31,200 shares, an increase of 171.3% from the December 31st total of 11,500 shares. Approximately 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 118,500 shares, the short-interest ratio is currently 0.3 days.

Akanda Trading Down 3.1 %

AKAN stock opened at $1.57 on Friday. Akanda has a 1-year low of $1.22 and a 1-year high of $56.80. The business’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $2.11.

Akanda Company Profile

Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. It offers medicinal-grade cannabis and cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.