Forafric Global PLC (NASDAQ:AFRIW) Short Interest Up 2,404.2% in January

Forafric Global PLC (NASDAQ:AFRIW) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,202 shares, a growth of 2,404.2% from the December 31st total of 48 shares. Based on an average trading volume of 9,556 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 9,556 shares, the days-to-cover ratio is presently 0.1 days.

Forafric Global Stock Performance

NASDAQ AFRIW opened at $0.90 on Wednesday. Forafric Global has a 12 month low of $0.16 and a 12 month high of $1.40. The company’s 50 day moving average is $1.10 and its two-hundred day moving average is $0.81.

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.