Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

Forafric Global PLC (NASDAQ:AFRIW) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 1,202 shares, a growth of 2,404.2% from the December 31st total of 48 shares. Based on an average trading volume of 9,556 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 9,556 shares, the short-interest ratio is currently 0.1 days.

Forafric Global Stock Performance

NASDAQ:AFRIW opened at $0.90 on Thursday. Forafric Global has a one year low of $0.16 and a one year high of $1.40. The business’s 50-day simple moving average is $1.09 and its 200 day simple moving average is $0.82.

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.