African Agriculture Holdings Inc. (NASDAQ:AAGR) Sees Significant Increase in Short Interest

African Agriculture Holdings Inc. (NASDAQ:AAGR) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 416,900 shares, a growth of 5.9% from the May 31st total of 393,600 shares. Based on an average trading volume of 152,500 shares, the days-to-cover ratio is presently 2.7 days. Approximately 2.7% of the company’s shares are short sold.

African Agriculture Stock Performance

Shares of AAGR stock opened at $0.19 on Thursday. African Agriculture has a 52 week low of $0.17 and a 52 week high of $11.35. The company’s 50 day moving average price is $0.34 and its two-hundred day moving average price is $0.59.

African Agriculture (NASDAQ:AAGR) last issued its quarterly earnings data on Monday, May 20th. The company reported ($0.22) EPS for the quarter. The company had revenue of $0.35 million for the quarter.

Institutional Trading of African Agriculture

Several hedge funds and other institutional investors have recently modified their holdings of AAGR. HGC Investment Management Inc. bought a new stake in African Agriculture during the 4th quarter worth about $210,000. Cantor Fitzgerald L. P. acquired a new stake in shares of African Agriculture in the fourth quarter valued at about $698,000. Finally, Atalaya Capital Management LP bought a new stake in African Agriculture during the fourth quarter worth about $4,048,000. 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.