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

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

Freight Technologies Stock Performance

Shares of Freight Technologies stock traded up $0.04 during trading on Friday, hitting $1.40. The company’s stock had a trading volume of 23,500 shares, compared to its average volume of 213,952. The stock has a 50-day moving average price of $1.66 and a two-hundred day moving average price of $0.80. Freight Technologies has a 52 week low of $1.35 and a 52 week high of $350.00.

Institutional Trading of Freight Technologies

An institutional investor recently bought a new position in Freight Technologies stock. Virtu Financial LLC purchased a new position in Freight Technologies, Inc. (NASDAQ:FRGT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,117 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 1.19% of Freight Technologies as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds 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.