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

Akanda Corp. (NASDAQ:AKAN) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 11,500 shares, a drop of 63.4% from the December 15th total of 31,400 shares. Based on an average trading volume of 397,400 shares, the short-interest ratio is currently 0.0 days. Approximately 0.8% of the shares of the stock are sold short.

Akanda Price Performance

Akanda stock opened at $1.63 on Tuesday. Akanda has a fifty-two week low of $1.22 and a fifty-two week high of $56.80. The stock’s fifty day moving average is $1.54 and its two-hundred day moving average is $2.34.

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.