Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 104,200 shares, a decrease of 54.6% from the October 15th total of 229,500 shares. Based on an average daily trading volume, of 667,900 shares, the days-to-cover ratio is currently 0.2 days. Approximately 5.5% of the company’s stock are short sold.

Akanda Price Performance

AKAN stock opened at $0.69 on Wednesday. The firm has a 50 day simple moving average of $1.02 and a 200-day simple moving average of $1.96. Akanda has a twelve month low of $0.64 and a twelve month high of $28.40.

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.