Akanda Corp. (NASDAQ:AKAN) Short Interest Up 43,100.0% in April

Akanda Corp. (NASDAQ:AKAN) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 1,080,000 shares, an increase of 43,100.0% from the March 31st total of 2,500 shares. Approximately 10.2% of the company’s shares are short sold. Based on an average daily volume of 4,290,000 shares, the short-interest ratio is currently 0.3 days.

Akanda Stock Up 12.6 %

NASDAQ AKAN opened at $0.10 on Friday. Akanda has a 12 month low of $0.09 and a 12 month high of $2.70. The company has a 50-day moving average of $0.17 and a 200-day moving average of $0.34.

About Akanda

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.