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

Freight Technologies, Inc. (NASDAQ:FRGT) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 97,100 shares, a decrease of 5.3% from the August 15th total of 102,500 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 2,040,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC bought a new stake in Freight Technologies, Inc. (NASDAQ:FRGT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,117 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned about 1.19% 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 Trading Up 4.4 %

Shares of FRGT stock opened at $0.13 on Friday. The firm has a 50-day moving average of $0.20 and a 200-day moving average of $0.62. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. Freight Technologies has a one year low of $0.11 and a one year high of $14.00.

About Freight Technologies

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.