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

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

Freight Technologies Stock Performance

NASDAQ:FRGT traded up $0.04 during mid-day trading on Friday, reaching $1.40. The stock had a trading volume of 23,500 shares, compared to its average volume of 213,952. The stock has a 50-day simple moving average of $1.66 and a two-hundred day simple moving average of $0.80. Freight Technologies has a 12 month low of $1.35 and a 12 month high of $350.00.

Institutional Trading of Freight Technologies

An institutional investor recently bought a new position in Freight Technologies stock. Virtu Financial LLC bought a new position in Freight Technologies, Inc. (NASDAQ:FRGT) in the first quarter, according to the company in its most recent Form 13F 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 quarter. Hedge funds and other institutional investors 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.