Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 74,784 shares, a drop of 50.6% from the December 31st total of 151,372 shares. Based on an average daily trading volume, of 780,682 shares, the days-to-cover ratio is currently 0.1 days. Currently, 103.9% of the company’s shares are short sold. Currently, 103.9% of the company’s shares are short sold. Based on an average daily trading volume, of 780,682 shares, the days-to-cover ratio is currently 0.1 days.

Akanda Price Performance

Shares of NASDAQ:AKAN opened at $1.53 on Thursday. The firm has a fifty day moving average of $3.15 and a two-hundred day moving average of $11.17. Akanda has a 12-month low of $1.19 and a 12-month high of $46.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AKAN shares. Wall Street Zen upgraded shares of Akanda to a “sell” rating in a report on Saturday, October 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Akanda in a research note on Monday, January 12th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Akanda presently has an average rating of “Sell”.

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.