Forafric Global PLC (NASDAQ:AFRIW) Sees Large Increase in Short Interest

Forafric Global PLC (NASDAQ:AFRIW) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 844 shares, a growth of ∞ from the April 30th total of 0 shares. Based on an average daily trading volume, of 4,729 shares, the days-to-cover ratio is presently 0.2 days.

Forafric Global Price Performance

Shares of AFRIW stock traded up $0.01 during mid-day trading on Wednesday, hitting $0.74. The stock had a trading volume of 7,012 shares, compared to its average volume of 6,231. Forafric Global has a 12-month low of $0.27 and a 12-month high of $1.40. The firm’s 50-day moving average is $0.73 and its two-hundred day moving average is $0.89.

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.