Akanda Corp. (NASDAQ:AKAN – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 283,034 shares, a growth of 1,222.7% from the April 15th total of 21,399 shares. Based on an average trading volume of 10,639,964 shares, the short-interest ratio is currently 0.0 days. Currently, 66.6% of the company’s shares are sold short.
Akanda Stock Performance
Shares of Akanda stock traded down $1.65 on Wednesday, hitting $23.84. 82,203 shares of the company traded hands, compared to its average volume of 1,619,621. The stock’s 50 day moving average price is $8.79 and its 200-day moving average price is $13.53. Akanda has a 52 week low of $2.30 and a 52 week high of $209.02.
Analyst Ratings Changes
Separately, Weiss Ratings raised shares of Akanda from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.
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.
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