Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 48,200 shares, an increase of 45.6% from the September 30th total of 33,100 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 95,200 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 95,200 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

Freightos Trading Down 5.7%

Shares of CRGO opened at $3.50 on Wednesday. The business’s 50-day moving average price is $3.37 and its 200 day moving average price is $2.82. The stock has a market capitalization of $174.06 million, a P/E ratio of -7.95 and a beta of 0.14. Freightos has a 1-year low of $1.35 and a 1-year high of $4.42. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02.

Freightos (NASDAQ:CRGO) last issued its quarterly earnings results on Monday, August 18th. The company reported ($0.09) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.09). The firm had revenue of $7.44 million for the quarter, compared to analysts’ expectations of $7.22 million. Freightos had a negative return on equity of 39.01% and a negative net margin of 78.58%.During the same quarter last year, the business posted ($0.05) EPS. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that Freightos will post -0.35 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Freightos in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Freightos currently has an average rating of “Sell”.

Hedge Funds Weigh In On Freightos

Several institutional investors and hedge funds have recently bought and sold shares of CRGO. Topline Capital Management LLC purchased a new position in Freightos during the 2nd quarter valued at about $658,000. OMERS ADMINISTRATION Corp purchased a new position in Freightos during the 1st quarter valued at about $88,000. Goldman Sachs Group Inc. purchased a new position in Freightos during the 1st quarter valued at about $73,000. Finally, Jane Street Group LLC grew its stake in Freightos by 183.8% during the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock valued at $74,000 after acquiring an additional 19,938 shares in the last quarter. Hedge funds and other institutional investors 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.