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

Akanda Corp. (NASDAQ:AKAN) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 31,200 shares, a growth of 171.3% from the December 31st total of 11,500 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily trading volume, of 118,500 shares, the days-to-cover ratio is currently 0.3 days.

Akanda Trading Down 3.4 %

Shares of AKAN stock traded down $0.06 during trading hours on Thursday, hitting $1.57. 42,709 shares of the company were exchanged, compared to its average volume of 78,215. Akanda has a 1 year low of $1.22 and a 1 year high of $56.80. The firm has a fifty day moving average of $1.58 and a 200 day moving average of $2.11.

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.