Freightos Limited (NASDAQ:CRGO) Short Interest Up 20.6% in February

Freightos Limited (NASDAQ:CRGO - Get Free Report) saw a significant increase in short interest in February. As of February 28th, there was short interest totalling 248,700 shares, an increase of 20.6% from the February 13th total of 206,300 shares. Based on an average trading volume of 110,300 shares, the short-interest ratio is currently 2.3 days. Approximately 1.1% of the shares of the stock are short sold.

Freightos Price Performance

NASDAQ:CRGO traded down $0.08 during mid-day trading on Friday, hitting $2.51. 105,255 shares of the stock traded hands, compared to its average volume of 63,482. The business's 50-day moving average price is $3.31 and its 200 day moving average price is $2.40. The company has a market cap of $123.89 million, a PE ratio of -7.38 and a beta of -0.09. Freightos has a 12-month low of $1.27 and a 12-month high of $4.42. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.01.

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

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Hedge Funds Weigh In On Freightos

Several hedge funds have recently bought and sold shares of CRGO. Jane Street Group LLC purchased a new position in Freightos during the fourth quarter valued at approximately $33,000. Geode Capital Management LLC grew its stake in 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 buying an additional 5,523 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in Freightos in the 4th quarter worth approximately $579,000. Hedge funds and other institutional investors own 22.72% of the company's stock.

Freightos Company Profile

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.