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

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

Institutional Trading of Freightos

A number of institutional investors and hedge funds have recently modified their holdings of CRGO. Jane Street Group LLC bought a new position in Freightos in the 4th quarter worth $33,000. Northern Trust Corp acquired a new position in shares of Freightos during the 4th quarter worth about $579,000. Finally, Geode Capital Management LLC boosted its stake in Freightos by 41.6% during the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company’s stock valued at $57,000 after purchasing an additional 5,523 shares during the period. 22.72% of the stock is currently owned by institutional investors and hedge funds.

Freightos Stock Down 4.0 %

NASDAQ:CRGO traded down $0.10 during trading hours on Wednesday, reaching $2.38. The company’s stock had a trading volume of 33,078 shares, compared to its average volume of 60,097. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90. The company has a market cap of $117.47 million, a price-to-earnings ratio of -6.99 and a beta of -0.18. Freightos has a one year low of $1.27 and a one year high of $4.42. The business’s 50-day moving average is $3.50 and its 200-day moving average is $2.34.

Freightos (NASDAQ:CRGO) last issued its quarterly earnings data on Monday, February 24th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.11). Freightos had a negative net margin of 71.11% and a negative return on equity of 20.80%. The company had revenue of $6.59 million for the quarter, compared to analyst estimates of $6.80 million. Equities research analysts predict that Freightos will post -0.35 EPS for the current year.

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.