Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Down 56.1% in March

Posted by Casey Walker on Apr 14th, 2026

Freight Technologies, Inc. (NASDAQ:FRGT – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 47,097 shares, a drop of 56.1% from the March 15th total of 107,256 shares. Based on an average daily trading volume, of 120,212 shares, the days-to-cover ratio is currently 0.4 days. Currently, 9.4% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

FRGT has been the topic of a number of research reports. Weiss Ratings reissued a “sell (e)” rating on shares of Freight Technologies in a report on Monday, December 22nd. Wall Street Zen lowered Freight Technologies from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Freight Technologies has a consensus rating of “Sell”.

View Our Latest Stock Report on Freight Technologies

Freight Technologies Stock Performance

FRGT traded up $0.01 during trading on Tuesday, reaching $0.86. The company’s stock had a trading volume of 61,008 shares, compared to its average volume of 772,423. Freight Technologies has a 52-week low of $0.75 and a 52-week high of $69.80. The company’s fifty day moving average price is $1.10 and its 200-day moving average price is $2.82. The company has a market capitalization of $473,550.00, a price-to-earnings ratio of -0.05 and a beta of 1.09.

About Freight Technologies

(Get Free Report)

Freight Technologies, Inc (NASDAQ: FRGT) is a special purpose acquisition company incorporated in Delaware on November 17, 2020. The company was formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination with one or more businesses, with a primary focus on the freight, transportation and logistics sectors.

Freight Technologies seeks to leverage its blank-check structure to target companies involved in freight transportation, supply chain management and technology-enabled logistics services.