Freight Technologies, Inc. (NASDAQ:FRGT) Sees Large Growth in Short Interest

Freight Technologies, Inc. (NASDAQ:FRGT) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 131,000 shares, a growth of 297.0% from the March 31st total of 33,000 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Barclays PLC acquired a new stake in Freight Technologies, Inc. (NASDAQ:FRGT) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned approximately 1.91% of Freight Technologies as of its most recent SEC filing. 6.24% of the stock is owned by institutional investors.

Freight Technologies Stock Up 1.3 %

Shares of NASDAQ:FRGT traded up $0.01 during midday trading on Tuesday, hitting $1.02. The stock had a trading volume of 1,869 shares, compared to its average volume of 564,505. The stock has a 50 day moving average price of $1.13 and a two-hundred day moving average price of $1.44. Freight Technologies has a 1 year low of $0.71 and a 1 year high of $42.50.

About Freight Technologies

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.