Akanda Corp. (NASDAQ:AKAN) Sees Significant Decline in Short Interest

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 31,400 shares, a drop of 69.8% from the November 30th total of 103,900 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 384,800 shares, the days-to-cover ratio is presently 0.1 days.

Akanda Stock Performance

NASDAQ:AKAN opened at $1.54 on Friday. The firm’s fifty day simple moving average is $1.57 and its 200 day simple moving average is $2.61. Akanda has a twelve month low of $1.22 and a twelve month high of $56.80.

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.