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

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 31,400 shares, a decrease of 69.8% from the November 30th total of 103,900 shares. Based on an average daily volume of 384,800 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.2% of the shares of the stock are sold short.

Akanda Stock Performance

Shares of NASDAQ AKAN opened at $1.54 on Friday. Akanda has a one year low of $1.22 and a one year high of $56.80. The firm’s 50 day simple moving average is $1.57 and its two-hundred day simple moving average is $2.61.

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.