Akanda Corp. (NASDAQ:AKAN) Sees Large Increase in Short Interest

Akanda Corp. (NASDAQ:AKAN) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 73,200 shares, a growth of 174.2% from the September 15th total of 26,700 shares. Based on an average daily trading volume, of 519,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 3.9% of the shares of the company are short sold.

Akanda Price Performance

NASDAQ AKAN opened at $1.04 on Friday. Akanda has a 52-week low of $0.96 and a 52-week high of $28.40. The firm has a 50-day moving average price of $1.22 and a 200 day moving average price of $2.57.

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.