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

Akanda Corp. (NASDAQ:AKAN) saw a large drop in short interest in June. As of June 30th, there was short interest totalling 43,100 shares, a drop of 50.3% from the June 15th total of 86,800 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average trading volume of 1,320,000 shares, the days-to-cover ratio is currently 0.0 days.

Akanda Stock Down 1.8 %

Shares of AKAN opened at $2.18 on Friday. Akanda has a twelve month low of $2.12 and a twelve month high of $42.00. The company has a 50 day moving average of $3.02 and a 200-day moving average of $8.04.

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.