Short Interest in Freight Technologies, Inc. (NASDAQ:FRGT) Declines By 64.9%

Freight Technologies, Inc. (NASDAQ:FRGT) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 19,600 shares, a decrease of 64.9% from the August 15th total of 55,800 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 142,200 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 142,200 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.7% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Freight Technologies from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd.

Freight Technologies Stock Performance

Freight Technologies stock opened at $1.43 on Friday. The stock’s fifty day moving average is $1.55 and its two-hundred day moving average is $3.03. Freight Technologies has a 1-year low of $1.15 and a 1-year high of $16.70.

Freight Technologies (NASDAQ:FRGT) last released its quarterly earnings data on Monday, August 18th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $2.99 million for the quarter.

About Freight Technologies

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.