Akanda Corp. (NASDAQ:AKAN) Short Interest Update

Akanda Corp. (NASDAQ:AKAN) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 6,244 shares, a decline of 65.7% from the June 30th total of 18,178 shares. Based on an average daily volume of 25,674 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AKAN shares. Weiss Ratings lowered Akanda from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Akanda from a “strong sell” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Akanda currently has a consensus rating of “Sell”.

Akanda Stock Performance

NASDAQ:AKAN opened at $6.31 on Tuesday. Akanda has a 12 month low of $2.30 and a 12 month high of $209.02. The company’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $10.49.

Akanda (NASDAQ:AKAN) last posted its quarterly earnings data on Tuesday, June 9th. The company reported ($317.90) earnings per share for the quarter.

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.