Short Interest in Akanda Corp. (NASDAQ:AKAN) Increases By 121.5%

Akanda Corp. (NASDAQ:AKAN) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 47,400 shares, an increase of 121.5% from the January 31st total of 21,400 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily volume of 109,900 shares, the short-interest ratio is presently 0.4 days.

Akanda Trading Up 0.6 %

Akanda stock opened at $1.68 on Friday. The firm has a 50 day simple moving average of $1.64 and a 200 day simple moving average of $1.86. Akanda has a 1-year low of $1.22 and a 1-year high of $47.52.

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.