Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 18,178 shares, a decrease of 87.0% from the June 15th total of 139,841 shares. Based on an average trading volume of 44,335 shares, the days-to-cover ratio is currently 0.4 days. Approximately 4.2% of the company’s stock are sold short.

Wall Street Analyst Weigh In

AKAN has been the topic of a number of recent research reports. Weiss Ratings downgraded Akanda from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Wall Street Zen raised Akanda to a “sell” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Akanda presently has an average rating of “Sell”.

Akanda Price Performance

Shares of AKAN traded down $0.11 during trading hours on Friday, hitting $9.94. The company had a trading volume of 16,114 shares, compared to its average volume of 309,926. The business has a fifty day moving average of $19.04 and a 200-day moving average of $10.71. Akanda has a 12 month low of $2.30 and a 12 month high of $209.02.

Akanda (NASDAQ:AKAN) last posted its earnings results on Tuesday, June 9th. The company reported ($317.90) EPS for the quarter.

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.