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

Freight Technologies, Inc. (NASDAQ:FRGT) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totalling 33,000 shares, a drop of 79.1% from the March 15th total of 157,600 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 1,340,000 shares, the short-interest ratio is currently 0.0 days.

Freight Technologies Trading Down 15.3 %

NASDAQ:FRGT traded down $0.18 during mid-day trading on Monday, hitting $0.97. The company had a trading volume of 316,052 shares, compared to its average volume of 1,292,026. Freight Technologies has a fifty-two week low of $0.71 and a fifty-two week high of $42.50. The business’s fifty day moving average is $1.22 and its two-hundred day moving average is $1.51.

Institutional Inflows and Outflows

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 3rd quarter, according to its most recent filing with the SEC. The fund acquired 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned 1.91% of Freight Technologies as of its most recent filing with the SEC. 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.