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

Forafric Global PLC (NASDAQ:AFRIW) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 2,033 shares, an increase of 69.1% from the January 15th total of 1,202 shares. Based on an average trading volume of 7,644 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 7,644 shares, the short-interest ratio is currently 0.3 days.

Forafric Global Stock Performance

AFRIW stock traded up $0.07 during midday trading on Friday, hitting $0.88. 200 shares of the stock were exchanged, compared to its average volume of 10,607. The stock’s 50-day moving average price is $1.06 and its 200-day moving average price is $0.85. Forafric Global has a fifty-two week low of $0.16 and a fifty-two week 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.