Short Interest in Freight Technologies, Inc. (NASDAQ:FRGT) Expands By 125.9%

Freight Technologies, Inc. (NASDAQ:FRGT) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 59,400 shares, an increase of 125.9% from the October 31st total of 26,300 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average trading volume of 524,300 shares, the days-to-cover ratio is currently 0.1 days.

Freight Technologies Stock Performance

Shares of FRGT traded down $0.04 during trading hours on Thursday, hitting $1.36. 52,683 shares of the company were exchanged, compared to its average volume of 214,780. The firm’s 50 day moving average is $1.61 and its 200-day moving average is $0.79. Freight Technologies has a 52 week low of $1.35 and a 52 week high of $350.00.

Institutional Trading of 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) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 filing with the Securities and Exchange Commission. Institutional investors own 6.24% of the company’s stock.

Freight Technologies Company Profile

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.