Short Interest in Akanda Corp. (NASDAQ:AKAN) Increases By 174.2%

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 73,200 shares, an increase of 174.2% from the September 15th total of 26,700 shares. Based on an average daily volume of 519,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.9% of the company’s stock are short sold.

Akanda Stock Performance

AKAN stock opened at $1.08 on Friday. The business has a 50 day moving average price of $1.24 and a 200 day moving average price of $2.62. Akanda has a fifty-two week low of $1.02 and a fifty-two week 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.