Akanda Corp. (NASDAQ:AKAN) Short Interest Down 50.6% in January

Akanda Corp. (NASDAQ:AKAN) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 74,784 shares, a drop of 50.6% from the December 31st total of 151,372 shares. Based on an average trading volume of 780,682 shares, the short-interest ratio is currently 0.1 days. Approximately 103.9% of the company’s shares are sold short. Approximately 103.9% of the company’s shares are sold short. Based on an average trading volume of 780,682 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

AKAN has been the subject of a number of research reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Akanda in a research report on Monday, January 12th. Wall Street Zen raised Akanda to a “sell” rating in a research note on Saturday, October 18th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Akanda Price Performance

NASDAQ:AKAN opened at $1.38 on Friday. The firm has a 50-day moving average of $3.08 and a two-hundred day moving average of $11.10. Akanda has a 1-year low of $1.19 and a 1-year high of $46.45.

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.