Forafric Global PLC (NASDAQ:AFRI – Get Rating) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 5,200 shares, a drop of 25.7% from the February 13th total of 7,000 shares. Based on an average trading volume of 16,600 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.
Institutional Trading of Forafric Global
Hedge funds have recently bought and sold shares of the stock. Clear Street LLC bought a new stake in shares of Forafric Global in the 3rd quarter valued at approximately $1,036,000. Barclays PLC bought a new stake in Forafric Global during the 3rd quarter valued at $412,000. UBS Group AG increased its stake in shares of Forafric Global by 1,543.9% during the third quarter. UBS Group AG now owns 19,710 shares of the company's stock valued at $222,000 after buying an additional 18,511 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of Forafric Global in the 3rd quarter valued at about $298,000. Hedge funds and other institutional investors own 1.59% of the company's stock.
Get Forafric Global alerts:Forafric Global Stock Up 0.2 %
Shares of NASDAQ:AFRI opened at $11.11 on Friday. The stock has a 50 day moving average of $11.23 and a 200 day moving average of $11.18. The company has a current ratio of 0.67, a quick ratio of 0.45 and a debt-to-equity ratio of 0.17. Forafric Global has a 12-month low of $4.61 and a 12-month high of $16.37.
Forafric Global Company Profile
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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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