Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 206,300 shares, a drop of 24.0% from the January 31st total of 271,300 shares. Currently, 0.9% of the company's shares are sold short. Based on an average daily volume of 112,700 shares, the short-interest ratio is currently 1.8 days.

Freightos Trading Down 5.9 %

CRGO stock traded down $0.14 during mid-day trading on Friday, reaching $2.25. The company's stock had a trading volume of 65,793 shares, compared to its average volume of 60,751. The company has a market cap of $111.06 million, a price-to-earnings ratio of -6.62 and a beta of -0.09. Freightos has a 12 month low of $1.27 and a 12 month high of $4.42. The business's 50 day moving average price is $3.48 and its 200 day moving average price is $2.35. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.01.

Freightos (NASDAQ:CRGO - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.11). The company had revenue of $6.59 million during the quarter, compared to the consensus estimate of $6.80 million. Freightos had a negative net margin of 71.11% and a negative return on equity of 20.80%. On average, equities research analysts predict that Freightos will post -0.35 EPS for the current year.

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Hedge Funds Weigh In On Freightos

Large investors have recently modified their holdings of the company. Northern Trust Corp acquired a new position in Freightos during the fourth quarter worth $579,000. Jane Street Group LLC acquired a new position in shares of Freightos during the fourth quarter valued at about $33,000. Finally, Geode Capital Management LLC increased its position in shares of Freightos by 41.6% during the fourth quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock worth $57,000 after acquiring an additional 5,523 shares in the last quarter. 22.72% of the stock is currently owned by institutional investors.

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.