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

Freight Technologies, Inc. (NASDAQ:FRGT) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 130,100 shares, a growth of 350.2% from the November 30th total of 28,900 shares. Based on an average trading volume of 427,600 shares, the days-to-cover ratio is presently 0.3 days. Approximately 6.5% of the shares of the company are sold short.

Institutional Trading of Freight Technologies

An institutional investor recently bought a new position in Freight Technologies stock. Barclays PLC purchased a new stake in Freight Technologies, Inc. (NASDAQ:FRGT) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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. 6.24% of the stock is owned by hedge funds and other institutional investors.

Freight Technologies Stock Up 1.6 %

Shares of FRGT traded up $0.03 during mid-day trading on Thursday, hitting $1.94. 41,196 shares of the company’s stock were exchanged, compared to its average volume of 214,024. The stock’s 50-day simple moving average is $1.66 and its 200-day simple moving average is $0.93. Freight Technologies has a 52 week low of $1.30 and a 52 week high of $97.05.

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.