Akanda Corp. (NASDAQ:AKAN) Short Interest Down 34.2% in August

Akanda Corp. (NASDAQ:AKAN) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totalling 50,400 shares, a decline of 34.2% from the August 15th total of 76,600 shares. Approximately 2.7% of the shares of the stock are sold short. Based on an average daily volume of 641,500 shares, the days-to-cover ratio is currently 0.1 days.

Akanda Trading Up 2.6 %

AKAN opened at $1.19 on Monday. Akanda has a 1-year low of $1.04 and a 1-year high of $37.84. The company has a 50 day simple moving average of $1.54 and a two-hundred day simple moving average of $3.41.

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.