Forafric Global PLC (NASDAQ:AFRI – Get Rating) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 18,400 shares, a decline of 10.7% from the March 31st total of 20,600 shares. Based on an average trading volume of 14,700 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.5% of the shares of the stock are sold short.
Hedge Funds Weigh In On Forafric Global
Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in shares of Forafric Global in the third quarter valued at $298,000. UBS Group AG grew its position in shares of Forafric Global by 1,543.9% in the third quarter. UBS Group AG now owns 19,710 shares of the company's stock valued at $222,000 after purchasing an additional 18,511 shares during the period. Barclays PLC purchased a new stake in shares of Forafric Global in the third quarter valued at $412,000. Finally, Clear Street LLC purchased a new stake in shares of Forafric Global in the third quarter valued at $1,036,000. 1.59% of the stock is owned by institutional investors and hedge funds.
Get Forafric Global alerts:Forafric Global Price Performance
NASDAQ AFRI opened at $10.86 on Friday. Forafric Global has a fifty-two week low of $4.61 and a fifty-two week high of $16.37. The business has a fifty day moving average of $11.13 and a 200-day moving average of $11.18.
About Forafric Global
(Get Rating)
Forafric Global PLC engages in the purchase, storage, transport, processing, and sale of agricultural commodities and commodity products in Morocco and Sub-Saharan Africa. The company offers flour and semolina; and secondary processing products, such as pasta and couscous under the Tria and MayMouna brands.
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