Short Interest in Freightos Limited (NASDAQ:CRGO) Rises By 27.7%

Freightos Limited (NASDAQ:CRGO) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 88,000 shares, an increase of 27.7% from the December 15th total of 68,900 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 114,500 shares, the days-to-cover ratio is currently 0.8 days.

Freightos Trading Up 9.5 %

Freightos stock traded up $0.34 during trading hours on Friday, reaching $3.92. The company had a trading volume of 427,509 shares, compared to its average volume of 91,402. The firm has a market cap of $193.49 million, a price-to-earnings ratio of -11.53 and a beta of -0.26. The company has a 50-day moving average price of $2.54 and a 200 day moving average price of $1.92. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90. Freightos has a 12-month low of $1.27 and a 12-month high of $4.08.

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.