African Agriculture Holdings Inc. (NASDAQ:AAGR – Get Free Report) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 416,900 shares, an increase of 5.9% from the May 31st total of 393,600 shares. Based on an average trading volume of 152,500 shares, the short-interest ratio is presently 2.7 days. Currently, 2.7% of the company’s shares are short sold.
Hedge Funds Weigh In On African Agriculture
Hedge funds and other institutional investors have recently made changes to their positions in the stock. HGC Investment Management Inc. acquired a new position in shares of African Agriculture during the 4th quarter worth about $210,000. Cantor Fitzgerald L. P. purchased a new stake in African Agriculture during the fourth quarter worth approximately $698,000. Finally, Atalaya Capital Management LP acquired a new position in African Agriculture in the fourth quarter valued at approximately $4,048,000. Hedge funds and other institutional investors own 20.52% of the company’s stock.
African Agriculture Stock Down 6.1 %
NASDAQ:AAGR opened at $0.19 on Thursday. African Agriculture has a fifty-two week low of $0.17 and a fifty-two week high of $11.35. The company has a 50 day moving average price of $0.34 and a 200 day moving average price of $0.59.
African Agriculture Company Profile
African Agriculture Holdings Inc, through its subsidiary Les Fermes de la Teranga SA, develops commercial farming business focusing on the production and sale of alfalfa for cattle feed and nutrition purposes in Africa. The company is based in New York, New York. African Agriculture Holdings Inc is a subsidiary of Global Commodities & Investments Ltd.
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