Forafric Global PLC (NASDAQ:AFRIW) Sees Large Decrease in Short Interest

Forafric Global PLC (NASDAQ:AFRIW) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 48 shares, a decline of 86.5% from the December 15th total of 355 shares. Based on an average daily trading volume, of 4,539 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 4,539 shares, the short-interest ratio is currently 0.0 days.

Forafric Global Stock Down 6.2%

Shares of Forafric Global stock traded down $0.07 during trading on Monday, hitting $1.06. The company’s stock had a trading volume of 649 shares, compared to its average volume of 11,020. Forafric Global has a 52 week low of $0.16 and a 52 week high of $1.40. The company has a fifty day simple moving average of $1.10 and a two-hundred day simple moving average of $0.78.

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.