Freight Technologies, Inc. (NASDAQ:FRGT – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 174,695 shares, a growth of 238.0% from the September 15th total of 51,686 shares. Approximately 33.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,168,248 shares, the days-to-cover ratio is presently 0.0 days.
Freight Technologies Trading Up 14.5%
FRGT stock traded up $0.04 during midday trading on Friday, reaching $0.29. The stock had a trading volume of 103,638,926 shares, compared to its average volume of 23,795,548. The company’s fifty day simple moving average is $1.27 and its 200 day simple moving average is $3.08. The company has a market cap of $167,409.00, a price-to-earnings ratio of -0.00 and a beta of 1.19. Freight Technologies has a 52-week low of $0.21 and a 52-week high of $51.25.
Analyst Upgrades and Downgrades
Several research firms have commented on FRGT. Weiss Ratings upgraded Freight Technologies from a “sell (e)” rating to a “sell (e+)” rating in a research note on Thursday, September 24th. Wall Street Zen cut Freight Technologies to a “strong sell” rating in a report on Saturday, August 15th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of “Sell”.
Get Our Latest Research Report on Freight Technologies
About Freight Technologies
Freight Technologies, Inc is a technology company that operates a digital freight-matching and logistics platform serving cross-border transportation markets in North America. Its platform is designed to connect shippers with carriers and help businesses arrange the movement of goods between Mexico, the United States and Canada.
The company’s Freight App provides tools for requesting freight quotes, booking transportation, tracking shipments and managing related logistics processes. By bringing shippers and transportation providers together through a digital platform, Freight Technologies seeks to improve visibility, efficiency and coordination in cross-border freight operations.
Freight Technologies focuses primarily on business-to-business freight transportation and logistics services.
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