Akanda Corp. (NASDAQ:AKAN – Get Free Report) was the target of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 38,204 shares, a decline of 85.5% from the August 15th total of 264,158 shares. Currently, 8.9% of the company’s stock are sold short. Based on an average daily trading volume, of 423,775 shares, the days-to-cover ratio is currently 0.1 days.
Akanda Trading Up 4.2%
Shares of Akanda stock traded up $0.13 during mid-day trading on Friday, reaching $3.13. 77,270 shares of the stock were exchanged, compared to its average volume of 1,295,095. Akanda has a fifty-two week low of $2.30 and a fifty-two week high of $209.02. The firm has a 50-day simple moving average of $6.24 and a 200 day simple moving average of $10.10.
Akanda (NASDAQ:AKAN – Get Free Report) last released its quarterly earnings results on Tuesday, June 9th. The company reported ($317.90) EPS for the quarter.
Analysts Set New Price Targets
View Our Latest Stock Analysis on AKAN
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.
Featured Articles
- Five stocks we like better than Akanda
- Amgen Drops 10% on a Trial It Didn’t Even Run
- Oracle’s AI Spending Is Still Huge, But the Payoff Is Starting to Show in Earnings
- TSMC Revenue Jumps 53% in August, Signaling Strong AI Chip Demand
- This AI ETF Is Missing the Biggest AI Winners
Receive News & Ratings for Akanda Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akanda and related companies with MarketBeat.com's FREE daily email newsletter.
