Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

Forafric Global PLC (NASDAQ:AFRIW) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 20,753 shares, an increase of ? from the June 30th total of 0 shares. Based on an average daily volume of 20,606 shares, the days-to-cover ratio is presently 1.0 days.

Forafric Global Price Performance

Shares of NASDAQ:AFRIW traded down $0.05 on Wednesday, hitting $0.92. The company had a trading volume of 4,080 shares, compared to its average volume of 8,063. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $0.78. Forafric Global has a 1-year low of $0.27 and a 1-year high of $1.40.

About Forafric Global

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.