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

Freight Technologies, Inc. (NASDAQ:FRGT) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 59,400 shares, an increase of 125.9% from the October 31st total of 26,300 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average trading volume of 524,300 shares, the short-interest ratio is currently 0.1 days.

Freight Technologies Trading Down 2.9 %

Freight Technologies stock traded down $0.04 during trading hours on Thursday, hitting $1.36. The stock had a trading volume of 52,683 shares, compared to its average volume of 214,780. The company has a 50-day moving average of $1.61 and a two-hundred day moving average of $0.79. Freight Technologies has a fifty-two week low of $1.35 and a fifty-two week high of $350.00.

Hedge Funds Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC purchased a new stake in Freight Technologies, Inc. (NASDAQ:FRGT) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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. Institutional investors and hedge funds own 6.24% of the company’s stock.

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.