From MarketBeat:

Forafric Global PLC experienced a significant increase in short interest in December with 148,200 shares purchased, up 35.3% from the previous month. With an average daily volume of 17,900 shares, it now takes 8.3 days to cover short sales, and 2.9% of the shares are sold short.

Notable institutional activity in Forafric includes American International Group Inc., Barclays PLC, JPMorgan Chase & Co., Charles Schwab Investment Management Inc., and Bank of New York Mellon Corp. as notable purchasers of shares in the company. 0.58% of the stock is held by hedge funds and other institutional investors.

Shares of Forafric Global opened at $10.59 on Friday with a one-year high of $12.12 and a one-year low of $9.35. The company has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $11.08.

Forafric Global PLC specializes in buying, storing, transporting, processing, and selling agricultural commodities and products. This includes flour, semolina, pasta, couscous, and several other products under their brands Tria and MayMouna.



Read more: Forafric Global PLC (NASDAQ:AFRI) Short Interest Up 35.3% in December