Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

Forafric Global PLC (NASDAQ:AFRIW) saw a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 500 shares, a drop of 75.4% from the January 29th total of 2,033 shares. Based on an average daily volume of 11,266 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 11,266 shares, the days-to-cover ratio is currently 0.0 days.

Forafric Global Stock Up 6.8%

Shares of AFRIW opened at $0.89 on Thursday. Forafric Global has a 1 year low of $0.16 and a 1 year high of $1.40. The company has a 50 day simple moving average of $1.01 and a two-hundred day simple moving average of $0.87.

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.