Akerna Corp. (NASDAQ:KERN) Short Interest Update

Akerna Corp. (NASDAQ:KERNGet Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 109,200 shares, a growth of 5.9% from the December 31st total of 103,100 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 298,700 shares, the days-to-cover ratio is presently 0.4 days.

Akerna Trading Down 2.4 %

Shares of NASDAQ:KERN opened at $0.36 on Wednesday. Akerna has a twelve month low of $0.17 and a twelve month high of $1.19. The company’s 50 day moving average is $0.34 and its 200 day moving average is $0.34.

Akerna (NASDAQ:KERNGet Free Report) last posted its earnings results on Tuesday, November 14th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.22. The business had revenue of $2.08 million for the quarter, compared to analyst estimates of $2.40 million.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of KERN. Vanguard Group Inc. raised its holdings in Akerna by 178.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,271,852 shares of the company’s stock worth $204,000 after purchasing an additional 1,455,966 shares during the period. Walleye Capital LLC purchased a new stake in Akerna during the 2nd quarter worth approximately $193,000. BlackRock Inc. lifted its position in shares of Akerna by 342.6% in the third quarter. BlackRock Inc. now owns 1,023,825 shares of the company’s stock valued at $92,000 after acquiring an additional 792,521 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Akerna by 111.7% during the third quarter. Renaissance Technologies LLC now owns 580,823 shares of the company’s stock worth $52,000 after purchasing an additional 306,523 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Akerna by 133.4% in the 1st quarter. Bank of New York Mellon Corp now owns 307,789 shares of the company’s stock valued at $351,000 after purchasing an additional 175,900 shares in the last quarter. Institutional investors and hedge funds own 21.97% of the company’s stock.

Akerna Company Profile

(Get Free Report)

Akerna Corp. provides enterprise software solutions that enable regulatory compliance and inventory management in the United States and Canada. The company offers MJ Platform for the cannabis, hemp, and CBD industry; and Leaf Data Systems, a government regulatory software. It also provides consulting services to cannabis industry; business intelligence, data analytics and other software related services; and Last Call Analytics, a retail analytics platform.

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