Akerna (NASDAQ:KERN) Short Interest Down 73.9% in January

Akerna (NASDAQ:KERN) saw a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 84,600 shares, a drop of 73.9% from the December 31st total of 324,500 shares. Based on an average daily trading volume, of 280,400 shares, the short-interest ratio is presently 0.3 days. Approximately 1.7% of the company’s stock are sold short.

Several equities analysts have commented on the stock. Alliance Global Partners assumed coverage on shares of Akerna in a research report on Thursday, December 19th. They issued a “buy” rating and a $18.00 price target for the company. ValuEngine raised shares of Akerna from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th.

A hedge fund recently bought a new stake in Akerna stock. FNY Investment Advisers LLC acquired a new stake in Akerna (NASDAQ:KERN) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,875 shares of the company’s stock, valued at approximately $32,000. Institutional investors and hedge funds own 3.00% of the company’s stock.

Shares of KERN stock opened at $8.78 on Monday. Akerna has a 52 week low of $3.16 and a 52 week high of $72.65.

Akerna (NASDAQ:KERN) last issued its quarterly earnings results on Thursday, November 14th. The company reported ($0.26) EPS for the quarter. The business had revenue of $3.19 million for the quarter.

About Akerna

Akerna Corp. operates a technology company in the cannabis space. The company offers MJ Platform and Leaf Data Systems that provide clients and government entities with a central data management system for tracking regulated cannabis products. Akerna Corp. was founded in 2010 and is based in Denver, Colorado.

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