Akanda Corp. (NASDAQ:AKAN) Short Interest Update

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

Akanda Stock Up 7.8 %

AKAN stock traded up $0.13 during mid-day trading on Tuesday, reaching $1.78. The company’s stock had a trading volume of 119,828 shares, compared to its average volume of 75,577. Akanda has a fifty-two week low of $1.22 and a fifty-two week high of $56.80. The company’s 50 day moving average is $1.56 and its two-hundred day moving average is $2.16.

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.