Forafric Global PLC (NASDAQ:AFRI – Get Rating) saw a significant growth in short interest in March. As of March 15th, there was short interest totalling 18,200 shares, a growth of 250.0% from the February 28th total of 5,200 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 19,200 shares, the days-to-cover ratio is currently 0.9 days.
Forafric Global Stock Performance
NASDAQ:AFRI opened at $11.14 on Tuesday. Forafric Global has a one year low of $4.61 and a one year high of $16.37. The company has a quick ratio of 0.45, a current ratio of 0.67 and a debt-to-equity ratio of 0.17. The stock has a 50 day moving average price of $11.20 and a 200 day moving average price of $11.22.
Get Forafric Global alerts:Institutional Trading of Forafric Global
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Clear Street LLC purchased a new stake in Forafric Global during the 3rd quarter worth $1,036,000. Barclays PLC bought a new stake in Forafric Global during the third quarter worth approximately $412,000. UBS Group AG boosted its holdings in Forafric Global by 1,543.9% during the third quarter. UBS Group AG now owns 19,710 shares of the company's stock worth $222,000 after buying an additional 18,511 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in Forafric Global during the third quarter worth approximately $298,000. 1.59% of the stock is currently owned by institutional investors and hedge funds.
About Forafric Global
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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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