Forafric Global PLC (NASDAQ:AFRIW) Short Interest Down 75.4% in February

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

Forafric Global Stock Performance

NASDAQ:AFRIW opened at $0.85 on Friday. The firm’s fifty day simple moving average is $1.00 and its 200 day simple moving average is $0.87. Forafric Global has a twelve month low of $0.16 and a twelve month high of $1.40.

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.