Forafric Global PLC (NASDAQ:AFRIW) Sees Significant Growth in Short Interest

Forafric Global PLC (NASDAQ:AFRIW) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 20,753 shares, a growth of ∞ from the June 30th total of 0 shares. Based on an average trading volume of 20,606 shares, the short-interest ratio is presently 1.0 days.

Forafric Global Price Performance

Shares of NASDAQ:AFRIW remained flat at $0.90 during midday trading on Friday. The company had a trading volume of 1,461 shares, compared to its average volume of 8,026. The company has a fifty day simple moving average of $0.77 and a two-hundred day simple moving average of $0.78. Forafric Global has a fifty-two week low of $0.27 and a fifty-two 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.