Freightos Limited (NASDAQ:CRGO) Short Interest Up 97.5% in January

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 271,300 shares, a growth of 97.5% from the January 15th total of 137,400 shares. Based on an average daily volume of 134,400 shares, the short-interest ratio is presently 2.0 days. Approximately 1.2% of the company's stock are short sold.

Hedge Funds Weigh In On Freightos

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

Freightos Stock Up 5.1 %

NASDAQ:CRGO traded up $0.20 during mid-day trading on Monday, reaching $4.13. The stock had a trading volume of 98,464 shares, compared to its average volume of 129,603. The company has a market capitalization of $203.86 million, a price-to-earnings ratio of -12.15 and a beta of -0.18. Freightos has a 1-year low of $1.27 and a 1-year high of $4.42. The stock's 50 day simple moving average is $3.24 and its two-hundred day simple moving average is $2.19. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90.

Freightos (NASDAQ:CRGO - Get Free Report) last posted its quarterly earnings results on Monday, November 25th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.22) by $0.16. Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. Equities analysts anticipate that Freightos will post -0.35 EPS for the current 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.