Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Update

Freight Technologies, Inc. (NASDAQ:FRGT) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 109,100 shares, an increase of 496.2% from the May 31st total of 18,300 shares. Based on an average daily volume of 4,710,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 2.3% of the shares of the company are sold short.

Institutional Investors Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC bought a new stake in shares of Freight Technologies, Inc. (NASDAQ:FRGT) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 29,117 shares of the company’s stock, valued at approximately $40,000. Virtu Financial LLC owned 1.19% of Freight Technologies as of its most recent SEC filing. Hedge funds and other institutional investors own 6.24% of the company’s stock.

Freight Technologies Trading Up 6.7 %

Shares of FRGT opened at $0.34 on Friday. 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 $0.31 and a one year high of $14.00. The company’s fifty day moving average price is $0.64 and its 200 day moving average price is $1.70.

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.