Freightos Limited (NASDAQ:CRGO) Sees Significant Increase in Short Interest

Freightos Limited (NASDAQ:CRGO) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 271,300 shares, a growth of 97.5% from the January 15th total of 137,400 shares. Based on an average daily trading volume, of 134,400 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Freightos

Several institutional investors have recently modified their holdings of CRGO. Jane Street Group LLC purchased a new position in shares of Freightos during the fourth quarter valued at approximately $33,000. Northern Trust Corp purchased a new position in shares of Freightos in the 4th quarter worth $579,000. Finally, Geode Capital Management LLC boosted its stake in shares of Freightos by 41.6% in the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company’s stock worth $57,000 after buying an additional 5,523 shares during the last quarter. 22.72% of the stock is owned by hedge funds and other institutional investors.

Freightos Stock Up 5.1 %

Shares of NASDAQ CRGO traded up $0.20 during midday trading on Friday, hitting $4.13. The stock had a trading volume of 98,464 shares, compared to its average volume of 129,603. The company has a market cap of $203.86 million, a P/E ratio of -12.15 and a beta of -0.18. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $3.24 and its 200-day moving average is $2.18. Freightos has a 52 week low of $1.27 and a 52 week high of $4.42.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings data on Monday, November 25th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.16. Freightos had a negative net margin of 71.11% and a negative return on equity of 20.80%. As a group, analysts predict that Freightos will post -0.35 EPS for the current year.

Freightos Company Profile

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.