Akanda Corp. (NASDAQ:AKAN) Short Interest Up 213.5% in October

Akanda Corp. (NASDAQ:AKAN) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 229,500 shares, a growth of 213.5% from the September 30th total of 73,200 shares. Currently, 12.1% of the shares of the stock are sold short. Based on an average trading volume of 1,060,000 shares, the short-interest ratio is presently 0.2 days.

Akanda Stock Performance

NASDAQ AKAN traded down $0.06 on Friday, reaching $0.84. The company’s stock had a trading volume of 240,484 shares, compared to its average volume of 784,496. Akanda has a 52 week low of $0.82 and a 52 week high of $28.40. The business has a 50-day moving average price of $1.14 and a 200 day moving average price of $2.25.

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.