Short Interest in African Agriculture Holdings Inc. (NASDAQ:AAGR) Decreases By 22.9%

African Agriculture Holdings Inc. (NASDAQ:AAGR) was the target of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 628,600 shares, a decline of 22.9% from the March 15th total of 815,700 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 303,700 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AAGR. HGC Investment Management Inc. acquired a new position in African Agriculture in the 4th quarter valued at about $210,000. Cantor Fitzgerald L. P. acquired a new position in African Agriculture in the 4th quarter valued at about $698,000. Finally, Atalaya Capital Management LP acquired a new position in African Agriculture in the 4th quarter valued at about $4,048,000. Institutional investors and hedge funds own 20.52% of the company’s stock.

African Agriculture Price Performance

NASDAQ:AAGR opened at $0.47 on Friday. African Agriculture has a 52-week low of $0.29 and a 52-week high of $11.35. The stock’s fifty day moving average price is $0.59.

African Agriculture Company Profile

African Agriculture Holdings Inc, a food security company, engages in operating a commercial-scale alfalfa farm on the African continent. The company is based in New York, New York. African Agriculture Holdings Inc operates as a subsidiary of Global Commodities & Investments Ltd.