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.
Get Akanda alerts: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
(Get Rating)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.
Featured Stories
- Get a free copy of the StockNews.com research report on Akanda (AKAN)
- MarketBeat Week in Review – 1/23- 1/27
- Why Lucid Spiked Nearly 100% In One Day
- Ride These Railroad Stocks for Growth and Income
- ASML Sees Demand For Chips Rallying This Year, Boosts Sales View
- KLA Corporation: Strength In A Troubled Semi-Market
Receive News & Ratings for Akanda Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akanda and related companies with MarketBeat.com's FREE daily email newsletter.