Akanda Corp. (NASDAQ:AKAN) Short Interest Up 19.6% in November

Akanda Corp. (NASDAQ:AKAN) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 103,900 shares, an increase of 19.6% from the November 15th total of 86,900 shares. Based on an average daily trading volume, of 376,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 7.3% of the shares of the stock are sold short.

Akanda Trading Down 4.5 %

Shares of AKAN stock opened at $1.49 on Friday. The stock has a fifty day simple moving average of $1.71 and a two-hundred day simple moving average of $2.93. Akanda has a 52-week low of $1.22 and a 52-week 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.