Short Interest in Forafric Global PLC (NASDAQ:AFRIW) Grows By 1,015.2%

Forafric Global PLC (NASDAQ:AFRIW) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 40,112 shares, an increase of 1,015.2% from the July 30th total of 3,597 shares. Based on an average daily volume of 14,057 shares, the days-to-cover ratio is presently 2.9 days.

Forafric Global Stock Performance

Forafric Global stock traded up $0.05 during mid-day trading on Tuesday, reaching $1.15. The stock had a trading volume of 27,789 shares, compared to its average volume of 12,086. Forafric Global has a one year low of $0.27 and a one year high of $1.40. The company has a 50-day moving average price of $0.87 and a two-hundred day moving average price of $0.79.

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.