Short Interest in Forafric Global PLC (NASDAQ:AFRIW) Declines By 75.4%

Forafric Global PLC (NASDAQ:AFRIW) saw a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 500 shares, a decline of 75.4% from the January 29th total of 2,033 shares. Based on an average daily volume of 11,266 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 11,266 shares, the short-interest ratio is presently 0.0 days.

Forafric Global Trading Down 4.7%

Shares of NASDAQ AFRIW opened at $0.81 on Friday. The company has a 50 day simple moving average of $0.99 and a 200 day simple moving average of $0.88. Forafric Global has a 1 year low of $0.16 and a 1 year high of $1.40.

Forafric Global Company Profile

Forafric Global Corp (NASDAQ: AFRIW) is a Delaware-incorporated special purpose acquisition company formed in 2021 with the objective of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in Africa. As a blank check company, Forafric Global does not currently conduct any operating business, instead raising capital through its initial public offering on the Nasdaq to pursue acquisition targets that leverage technological innovation to drive growth across the continent’s emerging markets.

The company’s strategy focuses on sectors including financial technology, digital infrastructure, telecommunications, renewable energy and e-commerce platforms.