Short Interest in Akanda Corp. (NASDAQ:AKAN) Decreases By 31.4%

Akanda Corp. (NASDAQ:AKAN) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 21,400 shares, a decline of 31.4% from the January 15th total of 31,200 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily volume of 129,400 shares, the short-interest ratio is presently 0.2 days.

Akanda Stock Down 0.9 %

Shares of Akanda stock traded down $0.02 during trading on Friday, hitting $1.75. 9,768 shares of the stock were exchanged, compared to its average volume of 113,270. The company has a fifty day moving average price of $1.59 and a 200-day moving average price of $1.95. Akanda has a 1-year low of $1.22 and a 1-year high of $47.52.

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.