Akanda Corp. (NASDAQ:AKAN) Short Interest Up 213.5% in October

Akanda Corp. (NASDAQ:AKAN) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 229,500 shares, an increase of 213.5% from the September 30th total of 73,200 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 12.1% of the shares of the company are sold short.

Akanda Stock Performance

Shares of AKAN opened at $0.84 on Friday. Akanda has a 52 week low of $0.82 and a 52 week high of $28.40. The stock’s 50-day moving average price is $1.14 and its 200-day moving average price is $2.27.

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.