Akanda Corp. (NASDAQ:AKAN) Short Interest Down 15.4% in January

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 63,287 shares, a decrease of 15.4% from the January 15th total of 74,784 shares. Based on an average daily volume of 3,769,605 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.8% of the company’s shares are sold short. Approximately 3.8% of the company’s shares are sold short. Based on an average daily volume of 3,769,605 shares, the days-to-cover ratio is currently 0.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Akanda in a research note on Monday, January 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Akanda Stock Up 4.8%

Shares of NASDAQ AKAN opened at $0.94 on Wednesday. The firm’s 50-day moving average is $2.08 and its two-hundred day moving average is $9.28. Akanda has a 12-month low of $0.84 and a 12-month high of $46.45.

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.