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

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 11,500 shares, a drop of 63.4% from the December 31st total of 31,400 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 397,400 shares, the days-to-cover ratio is currently 0.0 days.

Akanda Stock Performance

Shares of NASDAQ:AKAN opened at $1.79 on Wednesday. Akanda has a 12-month low of $1.22 and a 12-month high of $56.80. The business has a 50 day moving average of $1.57 and a 200-day moving average of $2.14.

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.