Akanda Corp. (NASDAQ:AKAN) Short Interest Down 86.0% in May
by Doug Wharley · The Cerbat GemAkanda Corp. (NASDAQ:AKAN – Get Free Report) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 39,752 shares, a decrease of 86.0% from the April 30th total of 283,034 shares. Based on an average trading volume of 1,382,455 shares, the short-interest ratio is presently 0.0 days. Approximately 9.4% of the shares of the company are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings cut Akanda from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.
View Our Latest Stock Analysis on AKAN
Akanda Stock Down 1.5%
Shares of NASDAQ AKAN traded down $0.33 during mid-day trading on Friday, hitting $21.58. The company had a trading volume of 17,288 shares, compared to its average volume of 1,534,318. The business’s 50-day simple moving average is $13.04 and its 200-day simple moving average is $12.10. Akanda has a 12 month low of $2.30 and a 12 month high of $209.02.
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.