Akanda Corp. (NASDAQ:AKAN) Short Interest Down 80.7% in April

Akanda Corp. (NASDAQ:AKAN) saw a large drop in short interest in April. As of April 15th, there was short interest totaling 21,399 shares, a drop of 80.7% from the March 31st total of 110,750 shares. Based on an average daily volume of 29,824 shares, the short-interest ratio is currently 0.7 days. Approximately 5.0% of the company’s stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Akanda in a research note on Friday, April 10th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Akanda Stock Up 30.5%

Shares of NASDAQ AKAN opened at $12.23 on Friday. The business’s 50 day moving average is $4.03 and its two-hundred day moving average is $15.41. Akanda has a 12 month low of $2.30 and a 12 month high of $209.02.

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.