Akanda Corp. (NASDAQ:AKAN) Sees Significant Decrease in Short Interest

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 16,000 shares, a decrease of 32.5% from the May 15th total of 23,700 shares. Based on an average daily trading volume, of 30,400 shares, the short-interest ratio is presently 0.5 days. Approximately 0.7% of the company’s stock are short sold.

Akanda Stock Performance

NASDAQ AKAN traded up $0.01 during trading hours on Tuesday, hitting $1.29. The company had a trading volume of 4,338 shares, compared to its average volume of 52,876. Akanda has a 1-year low of $0.93 and a 1-year high of $5.76. The business has a 50 day moving average of $1.22 and a 200-day moving average of $1.44.

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.