Freightos Limited (NASDAQ:CRGO) Short Interest Down 98.0% in April

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the target of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 6,400 shares, a decline of 98.0% from the March 31st total of 315,200 shares. Based on an average daily volume of 79,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Freightos

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRGO. Geode Capital Management LLC increased its stake in shares of Freightos by 41.6% in 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. Northern Trust Corp purchased a new position in shares of Freightos during the 4th quarter valued at about $579,000. Finally, Jane Street Group LLC bought a new position in shares of Freightos during the 4th quarter valued at approximately $33,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

Freightos Stock Performance

Shares of NASDAQ CRGO traded up $0.26 during midday trading on Friday, hitting $2.40. 46,896 shares of the stock traded hands, compared to its average volume of 66,801. The firm has a market capitalization of $119.34 million, a P/E ratio of -7.06 and a beta of 0.05. Freightos has a one year low of $1.27 and a one year high of $4.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.52.

Freightos (NASDAQ:CRGO - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $6.59 million during the quarter, compared to analysts' expectations of $6.80 million. On average, equities analysts forecast that Freightos will post -0.35 EPS for the current fiscal 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.

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