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

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 31,400 shares, a decrease of 69.8% from the November 30th total of 103,900 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 384,800 shares, the days-to-cover ratio is currently 0.1 days.

Akanda Stock Performance

Akanda stock traded down $0.01 during mid-day trading on Thursday, hitting $1.53. 96,654 shares of the company were exchanged, compared to its average volume of 347,383. Akanda has a 12-month low of $1.22 and a 12-month high of $56.80. The business’s 50 day simple moving average is $1.59 and its two-hundred day simple moving average is $2.65.

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.