Short Interest in African Agriculture Holdings Inc. (NASDAQ:AAGR) Declines By 23.7%

African Agriculture Holdings Inc. (NASDAQ:AAGR) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 100,500 shares, a drop of 23.7% from the August 31st total of 131,700 shares. Based on an average trading volume of 1,780,000 shares, the short-interest ratio is currently 0.1 days. Approximately 0.6% of the shares of the stock are sold short.

African Agriculture Trading Down 40.0 %

Shares of AAGR opened at $0.01 on Friday. African Agriculture has a 52-week low of $0.01 and a 52-week high of $11.35. The business’s fifty day moving average is $0.13 and its 200-day moving average is $0.27.

Institutional Investors Weigh In On African Agriculture

A hedge fund recently bought a new stake in African Agriculture stock. Cantor Fitzgerald L. P. acquired a new stake in shares of African Agriculture Holdings Inc. (NASDAQ:AAGR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 558,224 shares of the company’s stock, valued at approximately $698,000. Cantor Fitzgerald L. P. owned approximately 5.91% of African Agriculture as of its most recent SEC filing. Institutional investors and hedge funds own 20.52% of the company’s stock.

About African Agriculture

African Agriculture Holdings Inc, through its subsidiary Les Fermes de la Teranga SA, develops commercial farming business focusing on the production and sale of alfalfa for cattle feed and nutrition purposes in Africa. The company is based in New York, New York. African Agriculture Holdings Inc is a subsidiary of Global Commodities & Investments Ltd.