Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 21,959 shares, a drop of 53.0% from the December 31st total of 46,766 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 112,967 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 112,967 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CRGO. Weiss Ratings reissued a “sell (d-)” rating on shares of Freightos in a report on Wednesday, January 21st. Wall Street Zen downgraded shares of Freightos from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Freightos Stock Performance

Freightos stock traded down $0.09 during mid-day trading on Friday, hitting $2.12. The company had a trading volume of 59,452 shares, compared to its average volume of 124,934. The company has a market capitalization of $108.73 million, a price-to-earnings ratio of -4.42 and a beta of 0.18. Freightos has a 12-month low of $1.72 and a 12-month high of $4.25. The company’s fifty day moving average is $2.64 and its 200-day moving average is $3.06. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02.

Freightos (NASDAQ:CRGO) last posted its earnings results on Monday, November 17th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.02). The business had revenue of $7.67 million for the quarter, compared to analyst estimates of $7.64 million. Freightos had a negative net margin of 82.31% and a negative return on equity of 47.17%. Equities research analysts predict that Freightos will post -0.35 EPS for the current year.

Institutional Trading of Freightos

Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC increased its holdings in Freightos by 24.4% in the 3rd quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock valued at $246,000 after purchasing an additional 14,624 shares during the last quarter. Millennium Management LLC raised its position in shares of Freightos by 116.5% during the 3rd quarter. Millennium Management LLC now owns 30,711 shares of the company’s stock worth $101,000 after acquiring an additional 16,525 shares in the last quarter. Jane Street Group LLC grew its position in shares of Freightos by 183.8% in the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock valued at $74,000 after buying an additional 19,938 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Freightos during the 1st quarter worth approximately $73,000. Finally, Ancora Advisors LLC acquired a new stake in Freightos during the 3rd quarter worth $147,000. Institutional investors and hedge funds own 22.72% of the company’s stock.

Freightos Company Profile

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.