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

Freight Technologies, Inc. (NASDAQ:FRGT) saw a large drop in short interest in 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. Based on an average daily volume of 2,040,000 shares, the short-interest ratio is presently 0.0 days. Currently, 0.7% of the company’s stock are short sold.

Freight Technologies Stock Performance

Shares of FRGT opened at $0.11 on Wednesday. Freight Technologies has a 1 year low of $0.11 and a 1 year high of $14.00. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.09. The stock has a 50-day simple moving average of $0.21 and a 200-day simple moving average of $0.63.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Freight Technologies stock. Virtu Financial LLC acquired a new position in shares of Freight Technologies, Inc. (NASDAQ:FRGT) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 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.

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.