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

Freightos Limited (NASDAQ:CRGO) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 32,178 shares, a growth of 46.5% from the January 15th total of 21,959 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 132,630 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 132,630 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Freightos

Hedge funds have recently modified their holdings of the company. OMERS ADMINISTRATION Corp bought a new position in Freightos during the 4th quarter worth approximately $52,000. Barclays PLC acquired a new stake in Freightos in the fourth quarter worth $55,000. Mink Brook Asset Management LLC boosted its position in shares of Freightos by 43.1% during the fourth quarter. Mink Brook Asset Management LLC now owns 242,352 shares of the company’s stock worth $553,000 after purchasing an additional 73,001 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of Freightos in the 4th quarter valued at $32,000. Finally, Essex Investment Management Co. LLC increased its position in shares of Freightos by 100.3% in the 4th quarter. Essex Investment Management Co. LLC now owns 618,564 shares of the company’s stock valued at $1,410,000 after buying an additional 309,746 shares in the last quarter. 22.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRGO has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Freightos from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Freightos Price Performance

CRGO opened at $2.02 on Tuesday. The company has a fifty day moving average price of $2.40 and a two-hundred day moving average price of $3.02. The firm has a market capitalization of $103.61 million, a PE ratio of -4.21 and a beta of 0.17. Freightos has a 52 week low of $1.72 and a 52 week high of $4.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.02.

Freightos (NASDAQ:CRGO) last posted its quarterly earnings results on Monday, November 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Freightos had a negative return on equity of 47.17% and a negative net margin of 82.31%.The company had revenue of $7.67 million during the quarter, compared to the consensus estimate of $7.64 million. As a group, analysts anticipate that Freightos will post -0.35 earnings per share for the current year.

About Freightos

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.