Akanda Corp. (NASDAQ:AKAN – Get Free Report) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 126,300 shares, an increase of 3,846.9% from the July 31st total of 3,200 shares. Approximately 4.9% of the company’s shares are sold short. Based on an average daily trading volume, of 197,300 shares, the short-interest ratio is currently 0.6 days.
Institutional Trading of Akanda
An institutional investor recently raised its position in Akanda stock. Renaissance Technologies LLC grew its holdings in shares of Akanda Corp. (NASDAQ:AKAN – Free Report) by 1,166.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 354,719 shares of the company’s stock after buying an additional 326,719 shares during the period. Renaissance Technologies LLC owned 1.04% of Akanda worth $53,000 as of its most recent SEC filing. 0.23% of the stock is currently owned by institutional investors and hedge funds.
Akanda Price Performance
AKAN stock opened at $0.45 on Friday. Akanda has a 1 year low of $0.44 and a 1 year high of $8.70. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.41 and a quick ratio of 0.21. The firm has a 50-day moving average of $0.63 and a 200 day moving average of $1.05.
Akanda Company Profile
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. The company operates through Cultivation and Distribution segments. It intends to supply medicinal-grade cannabis and cannabis based medical and wellness products.
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