Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Up 292.0% in March

Freight Technologies, Inc. (NASDAQ:FRGT) was the target of a large increase in short interest in March. As of March 15th, there was short interest totalling 157,600 shares, an increase of 292.0% from the February 28th total of 40,200 shares. Based on an average daily volume of 1,350,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 7.3% of the company’s stock are short sold.

Freight Technologies Trading Down 10.8 %

Shares of NASDAQ FRGT traded down $0.12 during midday trading on Friday, hitting $0.99. The stock had a trading volume of 110,883 shares, compared to its average volume of 554,423. The business’s 50 day moving average is $1.33 and its 200-day moving average is $1.45. Freight Technologies has a 52 week low of $0.93 and a 52 week high of $42.50.

Institutional Trading of Freight Technologies

An institutional investor recently bought a new position in Freight Technologies stock. Barclays PLC acquired a new stake in shares of Freight Technologies, Inc. (NASDAQ:FRGT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned about 1.91% of Freight Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 6.24% of the company’s stock.

Freight Technologies Company Profile

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform for cross-border shipping in the United States and Mexico. Its Fr8App technology platform offers an online portal and a mobile application that provide third-party logistics services to companies in the freight transportation market; a transport management solution for customers to manage their own fleet; and freight brokerage support and customer services based on the platform.