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

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 73,200 shares, a growth of 174.2% from the September 15th total of 26,700 shares. Based on an average trading volume of 519,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.9% of the company’s stock are short sold.

Akanda Trading Down 3.7 %

Shares of NASDAQ:AKAN opened at $1.04 on Friday. Akanda has a 1-year low of $0.96 and a 1-year high of $28.40. The firm has a fifty day moving average price of $1.23 and a 200 day moving average price of $2.60.

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.