Akanda Corp. (NASDAQ:AKAN) Short Interest Down 63.4% in December

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 11,500 shares, a decline of 63.4% from the December 15th total of 31,400 shares. Based on an average daily volume of 397,400 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.8% of the company’s stock are short sold.

Akanda Stock Up 2.2 %

NASDAQ:AKAN traded up $0.04 on Monday, reaching $1.60. 46,211 shares of the stock traded hands, compared to its average volume of 81,213. The company’s fifty day simple moving average is $1.54 and its 200 day simple moving average is $2.36. Akanda has a 12 month low of $1.22 and a 12 month high of $56.80.

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.