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

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totalling 11,500 shares, a decline of 63.4% from the December 31st total of 31,400 shares. Based on an average daily trading volume, of 397,400 shares, the short-interest ratio is presently 0.0 days. Approximately 0.8% of the company’s shares are sold short.

Akanda Price Performance

Akanda stock opened at $1.79 on Wednesday. The business’s fifty day simple moving average is $1.57 and its two-hundred day simple moving average is $2.14. Akanda has a 12 month low of $1.22 and a 12 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.