Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

Forafric Global PLC (NASDAQ:AFRIW) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 2,390 shares, an increase of 153.2% from the May 31st total of 944 shares. Based on an average trading volume of 1,274 shares, the days-to-cover ratio is currently 1.9 days.

Forafric Global Stock Down 0.5%

Shares of Forafric Global stock traded down $0.00 on Tuesday, reaching $0.63. 455 shares of the company traded hands, compared to its average volume of 5,798. The company has a 50 day moving average of $0.73 and a 200 day moving average of $0.85. Forafric Global has a 52 week low of $0.27 and a 52 week high of $1.40.

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.