Freight Technologies, Inc. (NASDAQ:FRGT) Sees Large Drop in Short Interest

Posted by Donald Scott on Apr 13th, 2026

Freight Technologies, Inc. (NASDAQ:FRGT – Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totaling 47,097 shares, a decline of 56.1% from the March 15th total of 107,256 shares. Currently, 9.4% of the shares of the stock are short sold. Based on an average daily volume of 120,212 shares, the days-to-cover ratio is currently 0.4 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FRGT. Wall Street Zen lowered Freight Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “sell (e)” rating on shares of Freight Technologies in a research note on Monday, December 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Freight Technologies presently has an average rating of “Sell”.

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Freight Technologies Trading Up 4.3%

NASDAQ FRGT traded up $0.04 on Monday, hitting $0.85. 75,275 shares of the company were exchanged, compared to its average volume of 782,768. The company has a market cap of $466,400.00, a PE ratio of -0.05 and a beta of 1.09. Freight Technologies has a 12 month low of $0.75 and a 12 month high of $69.80. The stock has a fifty day moving average of $1.11 and a 200-day moving average of $2.86.

Freight Technologies Company Profile

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Freight Technologies, Inc (NASDAQ: FRGT) is a special purpose acquisition company incorporated in Delaware on November 17, 2020. The company was formed to raise capital through an initial public offering and to effect a merger, capital stock exchange, asset acquisition, stock purchase or other similar business combination with one or more businesses, with a primary focus on the freight, transportation and logistics sectors.

Freight Technologies seeks to leverage its blank-check structure to target companies involved in freight transportation, supply chain management and technology-enabled logistics services.