Gotta say, as I'm trying to hunt bees, I'm getting tired of shooting my arrow into the ground to cancel the shot. Idk if there actually is a button for it, because if there is, I haven't found it. I keep wanting to just press X to cancel the shot like in most games that have bows. It's not a huge issue, but still would be a nice inclusion.

On PC it's just right click.  Can you try hitting your block button?

I hit the block button and it brings up the ammo screen. So yeah, that technically works, and I'm probably being picky, but still. I'd rather just hit X. Fair enough point though. 

On mine (PC) it it cancels it and the bow goes back to at rest.. that's odd.  I'm not sure what's different.

Well yeah, it does cancel the shot, but brings up that menu I mentioned. It technically does work, but it feels like a workaround rather than the feature I mentioned. Either way, its a small quality of life change, nothing major. But archer players would like the change, Im sure. 

Definitely needed for controller/Xbox players

Crazy that, after a year, this still hasn't been remedied. I play with a controller and have always been annoyed by having to bring up the ammo radial to cancel shots.

In my short time with this game - as much as I love it - I do feel that the development team is painfully slow with addressing core issues and even game-breaking bugs.

you could throw it to cancel!