Akanda Corp Stock Number Of Shares Shorted
| AKAN Stock | USD 0.09 0.01 6.60% |
Akanda Corp fundamentals help investors to digest information that contributes to Akanda Corp's financial success or failures. It also enables traders to predict the movement of Akanda Stock. The fundamental analysis module provides a way to measure Akanda Corp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Akanda Corp stock.
Akanda | Number Of Shares Shorted |
Akanda Corp Company Number Of Shares Shorted Analysis
Akanda Corp's Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.
More About Number Of Shares Shorted | All Equity Analysis
Shares Shorted | = | Shorted by Public | + | by Institutions |
Current Akanda Corp Number Of Shares Shorted | 1.08 M |
Most of Akanda Corp's fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Akanda Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Akanda Number Of Shares Shorted Driver Correlations
Understanding the fundamental principles of building solid financial models for Akanda Corp is extremely important. It helps to project a fair market value of Akanda Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Akanda Corp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Akanda Corp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Akanda Corp's interrelated accounts and indicators.
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If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.
| Competition |
Based on the recorded statements, Akanda Corp has 1.08 M of outstending shares currently sold short by investors. This is 66.21% lower than that of the Biotechnology sector and significantly higher than that of the Health Care industry. The number of shares shorted for all United States stocks is 77.03% higher than that of the company.
Akanda Number Of Shares Shorted Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Akanda Corp's direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Akanda Corp could also be used in its relative valuation, which is a method of valuing Akanda Corp by comparing valuation metrics of similar companies.Akanda Corp is currently under evaluation in number of shares shorted category among related companies.
Akanda Fundamentals
| Return On Equity | -0.54 | ||||
| Return On Asset | -0.24 | ||||
| Operating Margin | (4.17) % | ||||
| Current Valuation | 4.86 M | ||||
| Shares Outstanding | 11.93 M | ||||
| Shares Owned By Insiders | 14.01 % | ||||
| Shares Owned By Institutions | 0.50 % | ||||
| Number Of Shares Shorted | 1.08 M | ||||
| Price To Book | 0.09 X | ||||
| Price To Sales | 0.47 X | ||||
| Revenue | 2.62 M | ||||
| Gross Profit | 3.27 M | ||||
| EBITDA | (16.41 M) | ||||
| Net Income | (11.66 M) | ||||
| Total Debt | 3.9 M | ||||
| Debt To Equity | 0.03 % | ||||
| Current Ratio | 0.48 X | ||||
| Book Value Per Share | 5.38 X | ||||
| Cash Flow From Operations | (11.47 M) | ||||
| Short Ratio | 0.11 X | ||||
| Earnings Per Share | (4.69) X | ||||
| Number Of Employees | 46 | ||||
| Beta | 1.61 | ||||
| Market Capitalization | 1.16 M | ||||
| Total Asset | 39 M | ||||
| Retained Earnings | (21.09 M) | ||||
| Working Capital | (5.53 M) | ||||
| Net Asset | 39 M |
About Akanda Corp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Akanda Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Akanda Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Akanda Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Akanda Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Akanda Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Akanda Corp will appreciate offsetting losses from the drop in the long position's value.Moving against Akanda Stock
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The ability to find closely correlated positions to Akanda Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akanda Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Akanda Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Akanda Corp to buy it.
The correlation of Akanda Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akanda Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akanda Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Akanda Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Akanda Corp Piotroski F Score and Akanda Corp Altman Z Score analysis. To learn how to invest in Akanda Stock, please use our How to Invest in Akanda Corp guide.Note that the Akanda Corp information on this page should be used as a complementary analysis to other Akanda Corp's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
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When running Akanda Corp's price analysis, check to measure Akanda Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Akanda Corp is operating at the current time. Most of Akanda Corp's value examination focuses on studying past and present price action to predict the probability of Akanda Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Akanda Corp's price. Additionally, you may evaluate how the addition of Akanda Corp to your portfolios can decrease your overall portfolio volatility.
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Is Akanda Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Akanda Corp. If investors know Akanda will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Akanda Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (4.69) | Revenue Per Share 1.076 | Quarterly Revenue Growth 18.118 | Return On Assets (0.24) | Return On Equity (0.54) |
The market value of Akanda Corp is measured differently than its book value, which is the value of Akanda that is recorded on the company's balance sheet. Investors also form their own opinion of Akanda Corp's value that differs from its market value or its book value, called intrinsic value, which is Akanda Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Akanda Corp's market value can be influenced by many factors that don't directly affect Akanda Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Akanda Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Akanda Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Akanda Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.