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

African Agriculture Holdings Inc. (NASDAQ:AAGR) was the target of a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 144,300 shares, a drop of 72.3% from the July 31st total of 521,100 shares. Based on an average daily trading volume, of 1,640,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Investors Weigh In On African Agriculture

A hedge fund recently bought a new stake in African Agriculture stock. Atalaya Capital Management LP acquired a new stake in African Agriculture Holdings Inc. (NASDAQ:AAGR) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,238,243 shares of the company’s stock, valued at approximately $4,048,000. African Agriculture accounts for approximately 7.5% of Atalaya Capital Management LP’s holdings, making the stock its 4th biggest holding. Atalaya Capital Management LP owned about 34.30% of African Agriculture as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 20.52% of the company’s stock.

African Agriculture Stock Performance

African Agriculture stock traded down $0.00 during midday trading on Tuesday, reaching $0.14. 32,345 shares of the stock traded hands, compared to its average volume of 801,591. The company has a 50-day simple moving average of $0.18 and a two-hundred day simple moving average of $0.36. African Agriculture has a 12-month low of $0.11 and a 12-month high of $11.35.

African Agriculture Company Profile

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.