Short Interest in Akanda Corp. (NASDAQ:AKAN) Rises By 121.5%

Akanda Corp. (NASDAQ:AKAN) saw a large growth in short interest in February. As of February 15th, there was short interest totalling 47,400 shares, a growth of 121.5% from the January 31st total of 21,400 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 109,900 shares, the days-to-cover ratio is currently 0.4 days.

Akanda Stock Performance

NASDAQ AKAN opened at $1.68 on Friday. Akanda has a 52 week low of $1.22 and a 52 week high of $47.52. The business has a 50 day moving average price of $1.64 and a 200-day moving average price of $1.86.

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.