Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the target of a large drop in short interest in 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. Based on an average daily trading volume, of 397,400 shares, the short-interest ratio is presently 0.0 days. Currently, 0.8% of the company’s stock are sold short.

Akanda Stock Up 7.8 %

Shares of NASDAQ:AKAN traded up $0.13 during trading on Tuesday, reaching $1.78. The stock had a trading volume of 119,828 shares, compared to its average volume of 75,577. 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 $1.56 and its 200 day simple 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.