Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Up 297.0% in April

Freight Technologies, Inc. (NASDAQ:FRGT) was the recipient of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 131,000 shares, an increase of 297.0% from the March 31st total of 33,000 shares. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is presently 0.1 days. Currently, 5.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Barclays PLC acquired a new position in shares of Freight Technologies, Inc. (NASDAQ:FRGT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned 1.91% of Freight Technologies at the end of the most recent quarter. 6.24% of the stock is currently owned by institutional investors.

Freight Technologies Stock Up 1.3 %

Shares of FRGT traded up $0.01 during mid-day trading on Tuesday, hitting $1.02. 1,869 shares of the company were exchanged, compared to its average volume of 564,505. Freight Technologies has a 1-year low of $0.71 and a 1-year high of $42.50. The company has a 50 day moving average of $1.13 and a 200-day moving average of $1.44.

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.