Forafric Global PLC (NASDAQ:AFRI - Get Free Report) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 299,700 shares, a drop of 6.7% from the October 15th total of 321,300 shares. Currently, 5.5% of the shares of the company are short sold. Based on an average daily volume of 9,200 shares, the short-interest ratio is presently 32.6 days.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Forafric Global by 6.7% during the 3rd quarter. Geode Capital Management LLC now owns 69,758 shares of the company's stock worth $791,000 after purchasing an additional 4,361 shares during the last quarter. Barclays PLC increased its holdings in shares of Forafric Global by 57.1% during the 3rd quarter. Barclays PLC now owns 15,522 shares of the company's stock worth $176,000 after buying an additional 5,641 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Forafric Global by 2.0% in the 3rd quarter. State Street Corp now owns 50,236 shares of the company's stock valued at $570,000 after purchasing an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 5.49% of the company's stock.
Forafric Global Stock Performance
Shares of NASDAQ AFRI traded up $0.01 during trading on Monday, reaching $10.17. 1,860 shares of the company traded hands, compared to its average volume of 10,582. The firm's fifty day simple moving average is $10.77 and its 200 day simple moving average is $10.90. Forafric Global has a 12-month low of $9.63 and a 12-month high of $12.00.
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, Burkina, Mali, Angola, and internationally. The company provides wheat flours and semolina; and secondary processing products, such as pasta and couscous under the TRIA and MayMouna brand names.
Further Reading
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