Freight Technologies, Inc. (NASDAQ:FRGT) Stock Short Interest Report for September

Freight Technologies, Inc. (NASDAQ:FRGT) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 174,695 shares, a growth of 238.0% from the September 15th total of 51,686 shares. Currently, 33.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 10,168,248 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Freight Technologies to a “strong sell” rating in a research note on Saturday, August 15th. Weiss Ratings cut shares of Freight Technologies from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Freight Technologies Price Performance

Shares of NASDAQ:FRGT traded down $0.06 during midday trading on Tuesday, hitting $0.29. The company had a trading volume of 6,535,329 shares, compared to its average volume of 3,725,302. Freight Technologies has a twelve month low of $0.21 and a twelve month high of $51.25. The stock has a market cap of $168,740.00, a price-to-earnings ratio of -0.00 and a beta of 1.19. The business’s 50-day simple moving average is $1.21 and its 200-day simple moving average is $3.03.

Freight Technologies Company Profile

Freight Technologies, Inc is a technology company that operates a digital freight-matching and logistics platform serving cross-border transportation markets in North America. Its platform is designed to connect shippers with carriers and help businesses arrange the movement of goods between Mexico, the United States and Canada.

The company’s Freight App provides tools for requesting freight quotes, booking transportation, tracking shipments and managing related logistics processes. By bringing shippers and transportation providers together through a digital platform, Freight Technologies seeks to improve visibility, efficiency and coordination in cross-border freight operations.

Freight Technologies focuses primarily on business-to-business freight transportation and logistics services.