Akanda Corp. (NASDAQ:AKAN) Sees Large Decrease in Short Interest

Akanda Corp. (NASDAQ:AKAN) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 11,500 shares, a drop of 63.4% from the December 31st total of 31,400 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 397,400 shares, the short-interest ratio is presently 0.0 days.

Akanda Stock Up 6.2 %

NASDAQ AKAN opened at $1.72 on Thursday. Akanda has a one year low of $1.22 and a one year high of $56.80. The company has a 50-day simple moving average of $1.58 and a 200-day simple moving average of $2.12.

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.