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

Forafric Global PLC (NASDAQ:AFRIW) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 4,800 shares, an increase of 4,700.0% from the January 15th total of 100 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is presently 0.8 days.

Forafric Global Stock Performance

Shares of Forafric Global stock traded up $0.08 during trading on Wednesday, reaching $0.90. The company’s stock had a trading volume of 14,177 shares, compared to its average volume of 8,883. The stock has a 50-day moving average price of $1.01 and a two-hundred day moving average price of $1.20. Forafric Global has a one year low of $0.56 and a one year high of $1.60.

About Forafric Global

Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco, Burkina, Mali, Angola, and internationally. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands.