Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 103,900 shares, a growth of 19.6% from the November 15th total of 86,900 shares. Based on an average daily trading volume, of 376,700 shares, the short-interest ratio is currently 0.3 days. Approximately 7.3% of the shares of the stock are short sold.

Akanda Price Performance

AKAN stock opened at $1.49 on Monday. The firm has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $2.86. Akanda has a one year low of $1.22 and a one year high of $56.80.

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.