African Agriculture Holdings Inc. (NASDAQ:AAGR) Short Interest Update

African Agriculture Holdings Inc. (NASDAQ:AAGR) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 521,100 shares, a growth of 99.1% from the July 15th total of 261,700 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily volume of 1,600,000 shares, the short-interest ratio is currently 0.3 days.

African Agriculture Trading Down 5.6 %

Shares of NASDAQ AAGR opened at $0.12 on Thursday. The stock has a 50 day moving average price of $0.21 and a 200 day moving average price of $0.42. African Agriculture has a 52-week low of $0.12 and a 52-week high of $11.35.

African Agriculture (NASDAQ:AAGR) last posted its earnings results on Monday, May 20th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $0.35 million during the quarter.

Institutional Trading of 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) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 558,224 shares of the company’s stock, valued at approximately $698,000. Cantor Fitzgerald L. P. owned about 5.91% of African Agriculture at the end of the most recent quarter. 20.52% of the stock is owned by institutional investors and hedge funds.

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.