Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 86,300 shares, an increase of 100.2% from the June 30th total of 43,100 shares. Based on an average trading volume of 1,330,000 shares, the short-interest ratio is currently 0.1 days. Currently, 4.6% of the shares of the company are short sold.

Akanda Price Performance

Shares of AKAN opened at $1.63 on Friday. The firm has a 50-day moving average of $2.51 and a 200-day moving average of $6.72. Akanda has a one year low of $1.50 and a one year high of $42.00.

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.