Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKANGet Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 5,300 shares, a decline of 48.5% from the January 15th total of 10,300 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 314,300 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Akanda

An institutional investor recently raised its position in Akanda stock. Renaissance Technologies LLC lifted its stake in shares of Akanda Corp. (NASDAQ:AKANFree Report) by 1,166.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 354,719 shares of the company’s stock after purchasing an additional 326,719 shares during the quarter. Renaissance Technologies LLC owned 1.04% of Akanda worth $53,000 as of its most recent SEC filing. 0.82% of the stock is owned by institutional investors and hedge funds.

Akanda Price Performance

Shares of AKAN stock traded up $0.01 during trading on Monday, reaching $0.33. 19,221 shares of the company’s stock traded hands, compared to its average volume of 619,786. The firm’s 50-day moving average is $0.43 and its 200 day moving average is $0.49. Akanda has a 1 year low of $0.28 and a 1 year high of $2.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.14 and a current ratio of 0.26.

Akanda Company Profile

(Get Free Report)

Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. The company operates through Cultivation and Distribution segments. It intends to supply medicinal-grade cannabis and cannabis based medical and wellness products.

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