Akanda Corp. (NASDAQ:AKAN – Get Free Report) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 63,287 shares, a decline of 15.4% from the January 15th total of 74,784 shares. Based on an average daily volume of 3,769,605 shares, the short-interest ratio is currently 0.0 days. Currently, 3.8% of the shares of the stock are short sold. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 3,769,605 shares, the short-interest ratio is currently 0.0 days.
Akanda Stock Up 0.7%
NASDAQ AKAN opened at $0.90 on Monday. Akanda has a 52 week low of $0.84 and a 52 week high of $46.45. The company has a fifty day moving average of $2.21 and a two-hundred day moving average of $9.51.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Akanda in a report on Monday, January 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus 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.
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