Akanda Corp. (NASDAQ:AKAN) Short Interest Down 34.3% in March

Akanda Corp. (NASDAQ:AKAN) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 16,554 shares, a decline of 34.3% from the February 26th total of 25,178 shares. Based on an average trading volume of 73,209 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.9% of the company’s stock are sold short.

Akanda Stock Down 13.7%

Shares of NASDAQ AKAN opened at $0.59 on Friday. The business has a 50-day moving average of $1.01 and a two-hundred day moving average of $5.83. Akanda has a 1 year low of $0.51 and a 1 year high of $46.45.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Akanda in a research report on Monday, January 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus 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.