Akanda Corp. (NASDAQ:AKAN) Short Interest Update

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

Akanda Price Performance

Akanda stock opened at $1.75 on Friday. Akanda has a fifty-two week low of $1.22 and a fifty-two week high of $56.80. The stock has a fifty day moving average of $1.82 and a two-hundred day moving average of $3.37.

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.