Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 104,200 shares, a decrease of 54.6% from the October 15th total of 229,500 shares. Based on an average daily volume of 667,900 shares, the short-interest ratio is presently 0.2 days. Currently, 5.5% of the company’s stock are sold short.

Akanda Price Performance

AKAN stock opened at $1.48 on Friday. Akanda has a 1 year low of $1.22 and a 1 year high of $56.80. The company’s 50-day moving average is $1.01 and its 200-day moving average is $1.93.

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.