Akanda Corp. (NASDAQ:AKAN) Short Interest Down 54.6% in October

Akanda Corp. (NASDAQ:AKAN) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 104,200 shares, a drop of 54.6% from the October 15th total of 229,500 shares. Approximately 5.5% of the shares of the company are short sold. Based on an average daily trading volume, of 667,900 shares, the short-interest ratio is presently 0.2 days.

Akanda Stock Down 3.4 %

NASDAQ:AKAN opened at $0.67 on Thursday. The firm’s 50 day moving average is $1.02 and its 200 day moving average is $1.93. Akanda has a 12 month low of $0.61 and a 12 month high of $28.40.

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.