Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Down 5.3% in August

Freight Technologies, Inc. (NASDAQ:FRGT) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 97,100 shares, a decline of 5.3% from the August 15th total of 102,500 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 2,040,000 shares, the short-interest ratio is currently 0.0 days.

Freight Technologies Trading Up 12.4 %

Shares of NASDAQ:FRGT opened at $0.12 on Thursday. The business’s 50 day moving average is $0.20 and its 200 day moving average is $0.63. Freight Technologies has a 52-week low of $0.11 and a 52-week high of $14.00. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25.

Institutional Investors Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC acquired a new stake in Freight Technologies, Inc. (NASDAQ:FRGT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 29,117 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 1.19% of Freight Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 6.24% of the company’s stock.

About Freight Technologies

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform that offers truckload freight services in the United States, Mexico, and Canada. 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.