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 in March. As of March 15th, there was short interest totalling 1,800 shares, an increase 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 presently 0.1 days.

Forafric Global Trading Up 14.2 %

Shares of AFRIW opened at $0.74 on Thursday. The business’s fifty day moving average price is $0.84 and its two-hundred day moving average price is $1.06. Forafric Global has a 52 week low of $0.50 and a 52 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.