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

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

Freight Technologies Stock Up 1.5 %

Shares of Freight Technologies stock traded up $0.03 during trading on Friday, hitting $1.97. 59,423 shares of the stock were exchanged, compared to its average volume of 213,411. The company has a fifty day moving average price of $1.66 and a 200-day moving average price of $0.94. Freight Technologies has a 1-year low of $1.30 and a 1-year high of $97.05.

Hedge Funds Weigh In On Freight Technologies

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

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.