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

Akanda Corp. (NASDAQ:AKAN) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 86,900 shares, a decrease of 16.6% from the October 31st total of 104,200 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average daily volume of 358,300 shares, the short-interest ratio is currently 0.2 days.

Akanda Stock Performance

Shares of Akanda stock opened at $1.75 on Monday. Akanda has a twelve month low of $1.22 and a twelve month high of $56.80. The business has a 50-day moving average price of $1.82 and a 200-day moving average price of $3.31.

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.