Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

Forafric Global PLC (NASDAQ:AFRIW) saw a large increase in short interest during 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 trading volume, of 20,606 shares, the days-to-cover ratio is currently 1.0 days.

Forafric Global Stock Down 4.1%

Shares of NASDAQ:AFRIW opened at $0.93 on Thursday. Forafric Global has a fifty-two week low of $0.27 and a fifty-two week high of $1.40. The firm’s 50-day simple moving average is $0.76 and its 200-day simple moving average is $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.