Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

Forafric Global PLC (NASDAQ:AFRIW) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 48 shares, a decrease of 86.5% from the December 15th total of 355 shares. Based on an average daily trading volume, of 4,539 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 4,539 shares, the short-interest ratio is currently 0.0 days.

Forafric Global Trading Down 2.8%

AFRIW stock opened at $1.03 on Wednesday. Forafric Global has a 1-year low of $0.16 and a 1-year high of $1.40. The business’s 50-day moving average price is $1.10 and its two-hundred day moving average price is $0.78.

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.