Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 25,178 shares, a decline of 55.7% from the February 12th total of 56,789 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 85,737 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 85,737 shares, the short-interest ratio is presently 0.3 days. Currently, 1.3% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Akanda in a research report on Monday, January 12th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Akanda Trading Up 2.7%

NASDAQ:AKAN opened at $0.88 on Thursday. Akanda has a 1-year low of $0.81 and a 1-year high of $46.45. The stock has a fifty day simple moving average of $1.36 and a 200 day simple moving average of $7.24.

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.