Forafric Global PLC (NASDAQ:AFRI) Short Interest Update

Forafric Global PLC (NASDAQ:AFRI) saw a significant decline in short interest during the month of October. As of October 31st, there was short interest totalling 299,700 shares, a decline of 6.7% from the October 15th total of 321,300 shares. Based on an average daily trading volume, of 9,200 shares, the days-to-cover ratio is presently 32.6 days. Approximately 5.5% of the shares of the company are sold short.

Forafric Global Price Performance

AFRI opened at $10.16 on Monday. The business has a 50 day moving average of $10.77 and a 200-day moving average of $10.89. Forafric Global has a 1-year low of $9.63 and a 1-year high of $12.00.

Institutional Trading of Forafric Global

A number of hedge funds have recently bought and sold shares of AFRI. Geode Capital Management LLC increased its holdings in shares of Forafric Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 69,758 shares of the company’s stock worth $791,000 after purchasing an additional 4,361 shares during the period. Barclays PLC grew its position in Forafric Global by 57.1% during the third quarter. Barclays PLC now owns 15,522 shares of the company’s stock worth $176,000 after buying an additional 5,641 shares in the last quarter. Finally, State Street Corp increased its stake in Forafric Global by 2.0% during the third quarter. State Street Corp now owns 50,236 shares of the company’s stock valued at $570,000 after acquiring an additional 1,000 shares during the period. 5.49% of the stock is owned by institutional investors.

About Forafric Global

Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco, Burkina, Mali, Angola, and internationally. The company provides wheat flours and semolina; and secondary processing products, such as pasta and couscous under the TRIA and MayMouna brand names.