Freight Technologies, Inc. (NASDAQ:FRGT) Short Interest Down 5.3% in August

Freight Technologies, Inc. (NASDAQ:FRGT) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 97,100 shares, a drop of 5.3% from the August 15th total of 102,500 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On Freight Technologies

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC purchased a new position in Freight Technologies, Inc. (NASDAQ:FRGT) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 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. 6.24% of the stock is owned by institutional investors and hedge funds.

Freight Technologies Price Performance

FRGT opened at $0.12 on Thursday. Freight Technologies has a 12 month low of $0.11 and a 12 month high of $14.00. The stock has a fifty day moving average price of $0.20 and a 200-day moving average price of $0.63. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 1.25.

Freight Technologies Company Profile

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.