Short Interest in Akanda Corp. (NASDAQ:AKAN) Declines By 47.0%

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 26,700 shares, a decrease of 47.0% from the August 31st total of 50,400 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily volume of 531,400 shares, the short-interest ratio is currently 0.1 days.

Akanda Trading Up 5.4 %

Shares of AKAN stock opened at $1.17 on Friday. Akanda has a 12 month low of $1.04 and a 12 month high of $28.40. The business’s 50 day moving average is $1.35 and its two-hundred day moving average is $3.04.

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.