African Agriculture Holdings Inc. (OTCMKTS:AAGR) Short Interest Up 156.7% in August

African Agriculture Holdings Inc. (OTCMKTS:AAGR) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 183,768 shares, a growth of 156.7% from the August 15th total of 71,596 shares. Based on an average daily volume of 182 shares, the days-to-cover ratio is presently 1,009.7 days. Approximately 3.8% of the shares of the stock are sold short.

African Agriculture Price Performance

Shares of African Agriculture stock opened at $0.01 on Monday. African Agriculture has a 12-month low of $0.00 and a 12-month high of $0.02. The company has a market capitalization of $66,080.00, a price-to-earnings ratio of -0.03 and a beta of -30.16. The firm’s 50-day moving average price is $0.01 and its two-hundred day moving average price is $0.01.

About African Agriculture

African Agriculture Holdings Inc, through its subsidiary Les Fermes de la Teranga SA, develops commercial farming business focusing on the production and sale of alfalfa for cattle feed and nutrition purposes in Africa. The company is based in New York, New York. African Agriculture Holdings Inc is a subsidiary of Global Commodities & Investments Ltd.