Short Interest in Freight Technologies, Inc. (NASDAQ:FRGT) Declines By 79.1%

Freight Technologies, Inc. (NASDAQ:FRGT) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 33,000 shares, a decline of 79.1% from the March 15th total of 157,600 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is presently 0.0 days.

Freight Technologies Trading Down 15.3 %

NASDAQ:FRGT traded down $0.18 during trading hours on Monday, reaching $0.97. 316,052 shares of the stock were exchanged, compared to its average volume of 1,292,026. Freight Technologies has a twelve month low of $0.71 and a twelve month high of $42.50. The firm has a 50 day moving average of $1.22 and a 200 day moving average of $1.51.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Freight Technologies stock. Barclays PLC acquired a new position in shares of Freight Technologies, Inc. (NASDAQ:FRGT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,362 shares of the company’s stock, valued at approximately $53,000. Barclays PLC owned about 1.91% of Freight Technologies at the end of the most recent reporting period. 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.