Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Update

Freight Technologies, Inc. (NASDAQ:FRGT) saw a large increase in short interest in the month of 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 trading volume of 1,350,000 shares, the short-interest ratio is currently 0.1 days. Approximately 7.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Freight Technologies stock. Barclays PLC bought a new position in shares of Freight Technologies, Inc. (NASDAQ:FRGT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned about 1.91% of Freight Technologies at the end of the most recent quarter. Institutional investors own 6.24% of the company’s stock.

Freight Technologies Trading Down 10.8 %

FRGT opened at $0.99 on Friday. Freight Technologies has a one year low of $0.93 and a one year high of $42.50. The business’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.46.

About Freight Technologies

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.