Freightos Limited (NASDAQ:CRGO) Sees Large Growth in Short Interest

Freightos Limited (NASDAQ:CRGOGet Free Report) was the target of a large growth in short interest in the month of February. As of February 29th, there was short interest totalling 27,300 shares, a growth of 26.4% from the February 14th total of 21,600 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,600 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On Freightos

Several hedge funds and other institutional investors have recently modified their holdings of CRGO. Seven Post Investment Office LP raised its position in Freightos by 50.6% in the 4th quarter. Seven Post Investment Office LP now owns 80,195 shares of the company’s stock valued at $267,000 after purchasing an additional 26,931 shares during the last quarter. 683 Capital Management LLC bought a new position in Freightos in the 3rd quarter valued at $25,000. AlphaCore Capital LLC raised its position in Freightos by 100.0% in the 3rd quarter. AlphaCore Capital LLC now owns 47,772 shares of the company’s stock valued at $110,000 after purchasing an additional 23,886 shares during the last quarter. Castle Creek Arbitrage LLC bought a new position in Freightos in the 2nd quarter valued at $172,000. Finally, Squarepoint Ops LLC bought a new position in Freightos in the 1st quarter valued at $71,000.

Freightos Price Performance

Freightos stock opened at $2.52 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.90 and a quick ratio of 4.46. The company has a market capitalization of $120.20 million, a PE ratio of -1.47 and a beta of -0.26. Freightos has a one year low of $1.85 and a one year high of $4.58. The business has a 50 day simple moving average of $2.93 and a 200 day simple moving average of $2.82.

Freightos (NASDAQ:CRGOGet Free Report) last posted its earnings results on Monday, February 26th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.11. The business had revenue of $5.26 million during the quarter, compared to the consensus estimate of $5.21 million. Freightos had a negative return on equity of 21.23% and a negative net margin of 322.83%. On average, sell-side analysts forecast that Freightos will post -0.42 EPS for the current fiscal year.

About Freightos

(Get Free Report)

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. The company operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters.

Further Reading

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