Akanda Corp. (NASDAQ:AKAN – Get Rating) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 680,900 shares, a growth of 60.6% from the December 31st total of 423,900 shares. Based on an average daily volume of 853,800 shares, the short-interest ratio is currently 0.8 days. Approximately 9.2% of the company's stock are sold short.

Institutional Investors Weigh In On Akanda

An institutional investor recently bought a new position in Akanda stock. Renaissance Technologies LLC acquired a new position in Akanda Corp. (NASDAQ:AKAN – Get Rating) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 86,463 shares of the company's stock, valued at approximately $70,000. Renaissance Technologies LLC owned approximately 0.30% of Akanda at the end of the most recent quarter. 0.35% of the stock is owned by institutional investors and hedge funds.

Akanda Price Performance

Shares of NASDAQ:AKAN opened at $0.34 on Friday. Akanda has a 1 year low of $0.12 and a 1 year high of $31.00. The firm has a fifty day moving average price of $0.19 and a 200 day moving average price of $0.47. The company has a current ratio of 1.11, a quick ratio of 0.93 and a debt-to-equity ratio of 0.07.

Akanda Company Profile

Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products in the United Kingdom, Lesotho, and internationally. It intends to supply cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.

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