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

Forafric Global PLC (NASDAQ:AFRIW) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,800 shares, a growth of 1,700.0% from the February 28th total of 100 shares. Based on an average daily trading volume, of 27,000 shares, the days-to-cover ratio is currently 0.1 days.

Forafric Global Trading Up 14.2 %

AFRIW stock traded up $0.09 during midday trading on Wednesday, reaching $0.74. 6,955 shares of the company’s stock traded hands, compared to its average volume of 14,421. The business has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $1.06. Forafric Global has a fifty-two week low of $0.50 and a fifty-two week high of $1.60.

Forafric Global Company Profile

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.