African Agriculture Holdings Inc. (NASDAQ:AAGR) Short Interest Update

African Agriculture Holdings Inc. (NASDAQ:AAGR) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 628,600 shares, a drop of 22.9% from the March 15th total of 815,700 shares. Based on an average daily volume of 303,700 shares, the short-interest ratio is presently 2.1 days. Currently, 4.1% of the company’s shares are short sold.

Hedge Funds Weigh In On African Agriculture

Several institutional investors have recently made changes to their positions in AAGR. Atalaya Capital Management LP purchased a new position in shares of African Agriculture during the fourth quarter valued at $4,048,000. Cantor Fitzgerald L. P. purchased a new position in shares of African Agriculture during the fourth quarter valued at $698,000. Finally, HGC Investment Management Inc. purchased a new position in shares of African Agriculture during the fourth quarter valued at $210,000. Hedge funds and other institutional investors own 20.52% of the company’s stock.

African Agriculture Stock Performance

Shares of African Agriculture stock opened at $0.47 on Friday. African Agriculture has a 12 month low of $0.29 and a 12 month high of $11.35. The company’s fifty day moving average price is $0.59.

About African Agriculture

African Agriculture Holdings Inc, a food security company, engages in operating a commercial-scale alfalfa farm on the African continent. The company is based in New York, New York. African Agriculture Holdings Inc operates as a subsidiary of Global Commodities & Investments Ltd.