Forafric Global PLC (NASDAQ:AFRIW) Short Interest Up 69.1% in January

Forafric Global PLC (NASDAQ:AFRIW) was the recipient of a significant increase in short interest during 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 daily volume of 7,644 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 7,644 shares, the days-to-cover ratio is presently 0.3 days.

Forafric Global Stock Up 8.9%

Shares of NASDAQ:AFRIW opened at $0.88 on Friday. The business’s 50 day moving average is $1.06 and its 200 day moving average is $0.85. Forafric Global has a 12-month low of $0.16 and a 12-month 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.