Forafric Global PLC (NASDAQ:AFRIW) Short Interest Update

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

Forafric Global Stock Up 7.1%

Shares of AFRIW stock traded up $0.06 during mid-day trading on Tuesday, hitting $0.90. The company’s stock had a trading volume of 1,759 shares, compared to its average volume of 10,231. Forafric Global has a 52-week low of $0.16 and a 52-week high of $1.40. The business has a 50-day moving average price of $1.10 and a 200 day moving average price of $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.