Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 248,700 shares, a growth of 20.6% from the February 13th total of 206,300 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 110,300 shares, the short-interest ratio is currently 2.3 days.

Freightos Price Performance

Shares of NASDAQ CRGO traded down $0.06 during trading on Wednesday, hitting $2.28. 23,123 shares of the company were exchanged, compared to its average volume of 62,557. The company has a market cap of $112.29 million, a price-to-earnings ratio of -6.69 and a beta of -0.09. Freightos has a 1 year low of $1.27 and a 1 year high of $4.42. The firm’s fifty day moving average price is $3.36 and its 200 day moving average price is $2.39. 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 (NASDAQ:CRGO) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.11). Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. The business had revenue of $6.59 million during the quarter, compared to analysts’ expectations of $6.80 million. On average, sell-side analysts expect that Freightos will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new position in shares of Freightos during the 4th quarter valued at about $579,000. Jane Street Group LLC purchased a new stake in shares of Freightos during the 4th quarter worth about $33,000. Finally, Geode Capital Management LLC grew its holdings in shares of Freightos by 41.6% during the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company’s stock worth $57,000 after purchasing an additional 5,523 shares during the period. Institutional investors and hedge funds own 22.72% of the company’s stock.

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.