Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 86,900 shares, a decrease of 16.6% from the October 31st total of 104,200 shares. Based on an average daily trading volume, of 358,300 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.1% of the shares of the stock are sold short.

Akanda Stock Up 2.9 %

Shares of NASDAQ:AKAN opened at $1.75 on Monday. Akanda has a 12 month low of $1.22 and a 12 month high of $56.80. The company has a 50-day moving average price of $1.82 and a 200 day moving average price of $3.31.

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.