Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 25,178 shares, a decline of 55.7% from the February 12th total of 56,789 shares. Based on an average daily trading volume, of 85,737 shares, the short-interest ratio is presently 0.3 days. Approximately 1.3% of the shares of the company are short sold. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 85,737 shares, the short-interest ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Akanda in a research note on Monday, January 12th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Akanda Trading Down 2.9%

Shares of Akanda stock opened at $0.82 on Friday. The company has a 50-day simple moving average of $1.29 and a 200 day simple moving average of $7.07. Akanda has a 12-month low of $0.81 and a 12-month high of $46.45.

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.