Forafric Global PLC (NASDAQ:AFRI – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 299,700 shares, a decrease of 6.7% from the October 15th total of 321,300 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily volume of 9,200 shares, the days-to-cover ratio is presently 32.6 days.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of Forafric Global by 2.0% in the third quarter. State Street Corp now owns 50,236 shares of the company’s stock worth $570,000 after acquiring an additional 1,000 shares during the last quarter. Barclays PLC raised its stake in Forafric Global by 57.1% during the third quarter. Barclays PLC now owns 15,522 shares of the company’s stock worth $176,000 after purchasing an additional 5,641 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Forafric Global by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 69,758 shares of the company’s stock valued at $791,000 after purchasing an additional 4,361 shares during the last quarter. 5.49% of the stock is currently owned by hedge funds and other institutional investors.
Forafric Global Trading Up 1.3 %
NASDAQ AFRI opened at $10.30 on Wednesday. The business’s 50-day moving average price is $10.75 and its 200 day moving average price is $10.90. Forafric Global has a twelve month low of $9.63 and a twelve month high of $12.00.
About Forafric Global
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.
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