Short Interest in Freightos Limited (NASDAQ:CRGO) Expands By 46.5%

Freightos Limited (NASDAQ:CRGO) was the recipient of a large 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. Based on an average daily trading volume, of 132,630 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 132,630 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new stake in shares of Freightos during the third quarter valued at $1,019,000. Goldman Sachs Group Inc. acquired a new position in shares of Freightos during the first quarter worth about $73,000. Jane Street Group LLC boosted its position in shares of Freightos by 183.8% in the first quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock worth $74,000 after buying an additional 19,938 shares during the period. Topline Capital Management LLC acquired a new stake in shares of Freightos in the second quarter valued at about $658,000. Finally, Ancora Advisors LLC acquired a new stake in shares of Freightos in the third quarter valued at about $147,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

Freightos Price Performance

Freightos stock opened at $2.02 on Friday. Freightos has a 12-month low of $1.72 and a 12-month high of $4.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market capitalization of $103.61 million, a P/E ratio of -4.21 and a beta of 0.17. The firm’s 50-day moving average is $2.42 and its two-hundred day moving average is $3.02.

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). Freightos had a negative net margin of 82.31% and a negative return on equity of 47.17%. The business had revenue of $7.67 million for the quarter, compared to analysts’ expectations of $7.64 million. Equities analysts predict that Freightos will post -0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRGO. Wall Street Zen cut Freightos from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Freightos in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Freightos presently has a consensus rating of “Sell”.

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.