Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 104,200 shares, a drop of 54.6% from the October 15th total of 229,500 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average daily trading volume, of 667,900 shares, the short-interest ratio is presently 0.2 days.

Akanda Trading Up 10.3 %

Shares of NASDAQ AKAN opened at $1.48 on Friday. The company has a 50-day moving average price of $1.01 and a 200-day moving average price of $1.93. Akanda has a 1 year low of $1.22 and a 1 year high of $56.80.

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.