Freight Technologies, Inc. (NASDAQ:FRGT) Sees Significant Increase in Short Interest

Freight Technologies, Inc. (NASDAQ:FRGTGet Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 18,300 shares, a growth of 195.2% from the May 15th total of 6,200 shares. Based on an average trading volume of 4,310,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the company’s shares are short sold.

Freight Technologies Price Performance

FRGT traded down $0.02 during trading hours on Friday, reaching $0.51. 850,783 shares of the company’s stock traded hands, compared to its average volume of 2,722,939. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a 50-day moving average price of $0.75 and a 200 day moving average price of $1.88. Freight Technologies has a 52-week low of $0.48 and a 52-week high of $14.00.

Institutional Trading of Freight Technologies

An institutional investor recently bought a new position in Freight Technologies stock. Virtu Financial LLC acquired a new position in Freight Technologies, Inc. (NASDAQ:FRGTFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,117 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned approximately 1.19% of Freight Technologies as of its most recent SEC filing. 6.24% of the stock is currently owned by institutional investors.

Freight Technologies Company Profile

(Get Free Report)

Freight Technologies, Inc, through its subsidiary, operates a transportation logistics technology platform that offers truckload freight services in the United States, Mexico, and Canada. 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.

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