Short Interest in Akanda Corp. (NASDAQ:AKAN) Rises By 48.2%

Akanda Corp. (NASDAQ:AKAN) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 25,200 shares, agrowthof48.2% from the July 15th total of 17,000 shares. Currently,1.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 201,600 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 201,600 shares, the days-to-cover ratio is presently 0.1 days. Currently,1.1% of the shares of the stock are short sold.

Akanda Price Performance

AKAN opened at $1.34 on Tuesday. The business has a 50 day simple moving average of $1.30 and a 200-day simple moving average of $1.35. Akanda has a 12 month low of $0.93 and a 12 month high of $2.90.

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.