Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) saw a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 206,300 shares, a decrease of 24.0% from the January 31st total of 271,300 shares. Based on an average trading volume of 112,700 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.9% of the company’s shares are short sold.

Freightos Trading Down 11.6 %

Shares of CRGO stock opened at $2.52 on Tuesday. The firm’s 50-day simple moving average is $3.51 and its 200-day simple moving average is $2.34. 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 1-year low of $1.27 and a 1-year high of $4.42. The firm has a market cap of $124.38 million, a P/E ratio of -7.41 and a beta of -0.18.

Freightos (NASDAQ:CRGO) last posted its quarterly earnings results on Monday, February 24th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $6.59 million for the quarter, compared to analysts’ expectations of $6.80 million. As a group, equities analysts forecast that Freightos will post -0.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new stake in Freightos during the fourth quarter worth about $33,000. Northern Trust Corp purchased a new stake in shares of Freightos during the 4th quarter worth about $579,000. Finally, Geode Capital Management LLC increased its position in 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 in the last quarter. Institutional investors and hedge funds own 22.72% of the company’s stock.

About Freightos

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.