Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant growth in short interest in 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. Based on an average daily trading volume, of 118,500 shares, the short-interest ratio is presently 0.3 days. Approximately 2.2% of the shares of the company are short sold.

Akanda Stock Performance

Shares of AKAN stock opened at $1.57 on Friday. The firm has a fifty day moving average of $1.58 and a 200-day moving average of $2.11. Akanda has a 52-week low of $1.22 and a 52-week high of $56.80.

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.