Freight Technologies Stock Set to Reverse Split on Monday, February 5th (NASDAQ:FRGT)

Freight Technologies, Inc. (NASDAQ:FRGTFree Report)’s stock is set to reverse split on Monday, February 5th. The 1-10 reverse split was announced on Monday, February 5th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, February 5th.

Freight Technologies Stock Performance

FRGT stock opened at $0.25 on Thursday. Freight Technologies has a twelve month low of $0.24 and a twelve month high of $6.70. The firm’s fifty day simple moving average is $0.33 and its two-hundred day simple moving average is $0.40.

Institutional Trading of Freight Technologies

A number of large investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in Freight Technologies by 200.9% in the third quarter. Renaissance Technologies LLC now owns 107,344 shares of the company’s stock worth $55,000 after purchasing an additional 71,669 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Freight Technologies during the second quarter valued at approximately $40,000. Susquehanna International Group LLP bought a new stake in Freight Technologies during the 1st quarter valued at $29,000. Finally, Virtu Financial LLC bought a new position in shares of Freight Technologies in the 1st quarter worth $33,000. 5.76% of the stock is owned by hedge funds and other institutional investors.

About Freight Technologies

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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.

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