Akanda Corp. (NASDAQ:AKAN) Short Interest Up 43,100.0% in April

Akanda Corp. (NASDAQ:AKAN) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,080,000 shares, an increase of 43,100.0% from the March 31st total of 2,500 shares. Based on an average daily trading volume, of 4,290,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 10.2% of the company’s shares are sold short.

Akanda Stock Performance

Akanda stock opened at $0.09 on Friday. Akanda has a fifty-two week low of $0.09 and a fifty-two week high of $2.70. The firm has a 50 day moving average price of $0.18 and a 200 day moving average price of $0.35.

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.