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Akanda (AKAN) Short Interest Ratio & Short Volume

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$0.77
+0.02 (+2.67%)
(As of 11/4/2024 ET)

Akanda Short Interest Data

Akanda (AKAN) has a short interest of 229,500 shares, representing 12.14% of the float (the number of shares available for trading by the public). This marks a 213.52% increase in short interest from the previous month. The short interest ratio (days to cover) is 0.2, indicating that it would take 0.2 days of the average trading volume of 767,264 shares to cover all short positions.

Current Short Interest
229,500 shares
Previous Short Interest
73,200 shares
Change Vs. Previous Month
+213.52%
Dollar Volume Sold Short
$220,503.60
Short Interest Ratio
0.2 Days to Cover
Last Record Date
October 15, 2024
Outstanding Shares
2,854,000 shares
Float Size
1,890,000 shares
Short Percent of Float
12.14%
Today's Trading Volume
250,744 shares
Average Trading Volume
767,264 shares
Today's Volume Vs. Average
33%
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AKAN Short Interest Over Time

AKAN Days to Cover Over Time

AKAN Percentage of Float Shorted Over Time

Akanda Short Interest History

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
10/15/2024229,500 shares $220,503.60 +213.5%12.1%0.2 $0.96
9/30/202473,200 shares $83,448.00 +174.2%3.9%0.1 $1.14
9/15/202426,700 shares $31,773.00 -47.0%1.4%0.1 $1.19
8/31/202450,400 shares $61,488.00 -34.2%2.7%0.1 $1.22
8/15/202476,600 shares $111,070.00 +299.0%4.1%0.1 $1.45
7/31/202419,200 shares $28,800.00 -77.8%1.0%0 $1.50
7/15/202486,300 shares $195,901.00 +100.2%4.6%0.1 $2.27
6/30/202443,100 shares $99,561.00 -50.4%2.3%0 $2.31
6/15/202486,800 shares $208,320.00 +52.3%4.6%0.1 $2.40
5/31/202457,000 shares $148,200.00 +171.4%3.3%0 $2.60
5/15/202421,000 shares $87,360.00 -94.3%N/A0 $4.16
4/30/2024365,900 shares $34,028.70 -66.1%3.5%0 $0.09
4/15/20241,080,000 shares $122,040.00 +43,100.0%10.2%0.3 $0.11
3/31/20242,500 shares $291.50 -96.9%0.0%0 $0.12
3/15/202481,400 shares $13,838.00 +373.3%2.6%0.1 $0.17
2/29/202417,200 shares $4,416.96 -86.3%0.6%0 $0.26
2/15/2024125,600 shares $36,562.16 +2,269.8%4.1%0.3 $0.29
1/31/20245,300 shares $2,067.00 -48.5%0.2%0 $0.39
1/15/202410,300 shares $4,841.00 +472.2%0.4%0.2 $0.47
12/31/20231,800 shares $792.81 +200.0%0.1%0 $0.44
12/15/2023600 shares $284.52 -87.5%0.0%0 $0.47
11/30/20234,800 shares $2,352.00 -83.8%0.2%0 $0.49
11/15/202329,700 shares $13,323.42 -10.0%1.3%0.1 $0.45
10/31/202333,000 shares $14,275.80 -16.9%1.8%0.1 $0.43
10/15/202339,700 shares $22,216.12 -28.2%1.5%0.1 $0.56
9/30/202355,300 shares $29,314.53 -69.8%2.2%0.1 $0.53
9/15/2023183,200 shares $160,867.92 +110.3%7.1%0.4 $0.88
8/31/202387,100 shares $49,673.13 -31.0%3.4%0.2 $0.57
8/15/2023126,300 shares $66,623.25 +3,846.9%4.9%0.6 $0.53
7/31/20233,200 shares $1,984.00 -5.9%0.1%0 $0.62
7/15/20233,400 shares $2,213.40 -70.4%0.1%0 $0.65
6/30/202311,500 shares $8,510.00 -64.7%0.5%0 $0.74
6/15/202332,600 shares $27,713.26 -63.3%2.3%0 $0.85
5/31/202388,900 shares $64,897.00 -43.2%7.7%0.1 $0.73
5/15/2023156,500 shares $173,715.00 +281.7%13.5%0.2 $1.11
4/30/202341,000 shares $41,820.00 -36.3%3.5%0 $1.02
4/15/202364,400 shares $70,196.00 +146.7%5.1%0.1 $1.09
3/31/202326,100 shares $25,324.83 -60.1%3.0%0 $0.97
3/15/202365,400 shares $76,518.00 -32.7%7.5%0.1 $1.17
2/28/202397,100 shares $18,546.10 -94.9%1.3%0.1 $0.19
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2/15/20231,900,000 shares $525,350.00 +9.2%25.5%0.3 $0.28
1/31/20231,740,000 shares $548,100.00 +155.5%23.4%0.3 $0.32
1/15/2023680,900 shares $133,184.04 +60.6%9.2%0.8 $0.20
12/30/2022423,900 shares $63,161.10 -28.6%5.7%0.7 $0.15
12/15/2022593,500 shares $102,675.50 -10.0%8.0%0.9 $0.17
11/30/2022659,300 shares $145,111.93 +218.0%8.9%1 $0.22
11/15/2022207,300 shares $54,727.20 +3.8%2.8%0.3 $0.26
10/31/2022199,800 shares $54,705.24 -47.4%2.7%0.2 $0.27
10/15/2022379,800 shares $94,950.00 +385.7%5.1%0.4 $0.25
9/30/202278,200 shares $35,995.46 -64.0%1.1%0.1 $0.46
9/15/2022216,900 shares $145,323.00 +32.3%2.9%0.2 $0.67
8/31/2022164,000 shares $124,984.40 +58.2%2.2%0.1 $0.76
8/15/2022103,700 shares $105,774.00 +22.7%N/A0.1 $1.02
7/31/202284,500 shares $81,973.45 -94.0%N/A0.1 $0.97
7/15/20221,400,000 shares $1.48 million No ChangeN/A1 $1.06

AKAN Short Interest - Frequently Asked Questions

What is Akanda's current short interest?

Short interest is the volume of Akanda shares that have been sold short but have not yet been covered or closed out. As of October 15th, investors have sold 229,500 shares of AKAN short. 12.14% of Akanda's shares are currently sold short. Learn More on Akanda's current short interest.

What is a good short interest percentage for Akanda?

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 12.14% of Akanda's floating shares are currently sold short.

Is Akanda's short interest increasing or decreasing?

Akanda saw a increase in short interest in October. As of October 15th, there was short interest totaling 229,500 shares, an increase of 213.5% from the previous total of 73,200 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

What is Akanda's float size?

Akanda currently has issued a total of 2,854,000 shares. Some of Akanda's outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Akanda currently has a public float of 1,890,000 shares.

How does Akanda's short interest compare to its competitors?

12.14% of Akanda's shares are currently sold short. Here is how the short interest of companies in the industry of "pharmaceutical products" compare to Akanda: Conduit Pharmaceuticals Inc. (4.84%), Upexi, Inc. (2.36%), TransCode Therapeutics, Inc. (7.08%), ABVC BioPharma, Inc. (1.31%), Cyclerion Therapeutics, Inc. (0.58%), Coeptis Therapeutics Holdings, Inc. (0.43%), Pulmatrix, Inc. (0.18%), Viracta Therapeutics, Inc. (3.97%), Aptorum Group Limited (0.12%), Galecto, Inc. (0.90%),

Which stocks are the most shorted right now?

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($4.14 billion), AppLovin Co. ($3.15 billion), Paychex, Inc. ($2.69 billion), Nu Holdings Ltd. ($2.48 billion), Cencora, Inc. ($2.24 billion), International Paper ($2.04 billion), Tractor Supply ($1.96 billion), Coinbase Global, Inc. ($1.93 billion), Moderna, Inc. ($1.91 billion), and SoFi Technologies, Inc. ($1.84 billion). View all of the most shorted stocks.

What does it mean to sell short Akanda stock?

Short selling AKAN is an investing strategy that aims to generate trading profit from Akanda as its price is falling. AKAN shares are trading up $0.05 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

How does a short squeeze work against Akanda?

A short squeeze for Akanda occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of AKAN, which in turn drives the price of the stock up even further.

How often is Akanda's short interest reported?

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including AKAN, twice per month. The most recent reporting period available is October, 15 2024.




This page (NASDAQ:AKAN) was last updated on 11/4/2024 by MarketBeat.com Staff
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