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

African Agriculture Holdings Inc. (NASDAQ:AAGR) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 131,700 shares, a drop of 8.7% from the August 15th total of 144,300 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 1,650,000 shares, the days-to-cover ratio is currently 0.1 days.

African Agriculture Stock Performance

AAGR opened at $0.13 on Wednesday. The firm’s fifty day moving average is $0.15 and its two-hundred day moving average is $0.29. African Agriculture has a twelve month low of $0.11 and a twelve month high of $11.35.

Institutional Investors Weigh In On African Agriculture

A hedge fund recently bought a new stake in African Agriculture stock. Cantor Fitzgerald L. P. bought a new position in African Agriculture Holdings Inc. (NASDAQ:AAGR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 558,224 shares of the company’s stock, valued at approximately $698,000. Cantor Fitzgerald L. P. owned 5.91% of African Agriculture as of its most recent filing with the Securities & Exchange Commission. 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.