Short Interest in Akanda Corp. (NASDAQ:AKAN) Drops By 69.8%

Akanda Corp. (NASDAQ:AKAN) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 31,400 shares, a decline of 69.8% from the November 30th total of 103,900 shares. Based on an average daily volume of 384,800 shares, the days-to-cover ratio is presently 0.1 days. Currently, 2.2% of the shares of the company are sold short.

Akanda Price Performance

NASDAQ:AKAN remained flat at $1.54 during mid-day trading on Friday. 59,282 shares of the company traded hands, compared to its average volume of 346,457. The company has a fifty day simple moving average of $1.58 and a two-hundred day simple moving average of $2.64. Akanda has a 52-week low of $1.22 and a 52-week high of $56.80.

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.