Akanda Corp. (NASDAQ:AKAN) Short Interest Down 47.0% in September

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totalling 26,700 shares, a decline of 47.0% from the August 31st total of 50,400 shares. Based on an average daily trading volume, of 531,400 shares, the short-interest ratio is presently 0.1 days. Approximately 1.4% of the shares of the company are short sold.

Akanda Stock Up 5.4 %

NASDAQ:AKAN opened at $1.17 on Friday. The company has a 50-day moving average of $1.35 and a 200-day moving average of $3.04. Akanda has a 52 week low of $1.04 and a 52 week high of $28.40.

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.