Akanda Corp. (NASDAQ:AKAN) Short Interest Down 54.6% in October

Akanda Corp. (NASDAQ:AKAN) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 104,200 shares, a decrease of 54.6% from the October 15th total of 229,500 shares. Approximately 5.5% of the shares of the stock are short sold. Based on an average daily volume of 667,900 shares, the short-interest ratio is currently 0.2 days.

Akanda Stock Performance

Shares of NASDAQ AKAN opened at $0.67 on Thursday. Akanda has a 52 week low of $0.61 and a 52 week high of $28.40. The business has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.93.

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.