Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 151,372 shares, a decrease of 83.2% from the December 15th total of 903,214 shares. Currently, 41.6% of the company’s shares are sold short. Based on an average trading volume of 4,767,598 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 4,767,598 shares, the days-to-cover ratio is currently 0.0 days. Currently, 41.6% of the company’s shares are sold short.

Analyst Ratings Changes

Several research firms recently commented on AKAN. Wall Street Zen raised shares of Akanda to a “sell” rating in a research note on Saturday, October 18th. Weiss Ratings assumed coverage on shares of Akanda in a research note on Wednesday, October 15th. They issued a “sell (e+)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Akanda Trading Up 7.5%

Shares of NASDAQ:AKAN traded up $0.18 during trading hours on Monday, hitting $2.63. The company’s stock had a trading volume of 3,543,365 shares, compared to its average volume of 3,318,845. The firm’s fifty day moving average price is $4.28 and its 200 day moving average price is $12.77. Akanda has a 52 week low of $2.08 and a 52 week high of $46.45.

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.