Akanda Corp. (NASDAQ:AKAN) Short Interest Update

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

Akanda Stock Performance

Shares of NASDAQ:AKAN opened at $6.20 on Wednesday. The stock’s fifty day simple moving average is $14.58 and its two-hundred day simple moving average is $10.44. Akanda has a 1-year low of $2.30 and a 1-year high of $209.02.

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

Analyst Upgrades and Downgrades

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

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.