Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Up 350.2% in December

Freight Technologies, Inc. (NASDAQ:FRGT) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totalling 130,100 shares, a growth of 350.2% from the November 30th total of 28,900 shares. Based on an average daily trading volume, of 427,600 shares, the days-to-cover ratio is currently 0.3 days. Approximately 6.5% of the company’s stock are short sold.

Institutional Investors Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Barclays PLC acquired a new stake in Freight Technologies, Inc. (NASDAQ:FRGT) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 own 6.24% of the company’s stock.

Freight Technologies Stock Performance

FRGT stock traded up $0.03 during trading hours on Friday, reaching $1.97. The stock had a trading volume of 57,751 shares, compared to its average volume of 213,404. The stock has a 50-day simple moving average of $1.66 and a 200 day simple moving average of $0.93. Freight Technologies has a fifty-two week low of $1.30 and a fifty-two week high of $97.05.

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.