Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 903,214 shares, an increase of 635.6% from the November 30th total of 122,794 shares. Currently, 248.1% of the company’s stock are short sold. Based on an average daily volume of 10,024,487 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 10,024,487 shares, the days-to-cover ratio is presently 0.1 days. Currently, 248.1% of the company’s stock are short sold.

Akanda Price Performance

Shares of AKAN opened at $0.51 on Friday. Akanda has a 1 year low of $0.49 and a 1 year high of $9.29. The company’s fifty day moving average is $1.22 and its two-hundred day moving average is $2.88.

Analysts Set New Price Targets

A number of analysts have weighed in on AKAN shares. Weiss Ratings assumed coverage on shares of Akanda in a report on Wednesday, October 15th. They set a “sell (e+)” rating on the stock. Wall Street Zen upgraded shares of Akanda to a “sell” rating in a research note on Saturday, October 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Akanda currently has an average rating of “Sell”.

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.