Freightos (CRGO) Short Interest Ratio & Short Volume

Short interest is the volume of Freightos shares that have been sold short but have not yet been closed out or covered. As of November 30th, investors have sold 68,700 shares of CRGO short. 0.32% of Freightos' shares are currently sold short. Learn More on Freightos' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. CRGO shares currently have a short interest ratio of 1.0. Learn More on Freightos's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.32% of Freightos' floating shares are currently sold short.

Freightos saw a drop in short interest in the month of November. As of November 30th, there was short interest totaling 68,700 shares, a drop of 14.2% from the previous total of 80,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Freightos currently has issued a total of 49,359,000 shares. Some of Freightos' outstanding shares are available for trading, while others are subject to various restrictions. The public float, also referred to as floating shares or "the float", are shares that publicly owned, unrestricted and available to trade on the open market. Freightos currently has a public float of 21,610,000 shares.

0.32% of Freightos' shares are currently sold short. Here is how the short interest of companies in the industry of "transportation" compare to Freightos: P.A.M. Transportation Services, Inc. (0.62%), Safe Bulkers, Inc. (3.20%), Blade Air Mobility, Inc. (5.58%), Proficient Auto Logistics, Inc. (5.64%), Pangaea Logistics Solutions, Ltd. (1.47%), Euroseas Ltd. (0.40%), ModivCare Inc. (3.90%), Diana Shipping Inc. (1.62%), Himalaya Shipping Ltd. (1.39%), KNOT Offshore Partners LP (1.57%),

As of the most recent reporting period, the following stocks had the largest short interest positions: AppLovin Co. ($5.70 billion), Charter Communications, Inc. ($4.55 billion), Spotify Technology S.A. ($3.84 billion), Royal Caribbean Cruises Ltd. ($3.07 billion), International Paper ($3.00 billion), Coinbase Global, Inc. ($2.93 billion), Cencora, Inc. ($2.54 billion), Paychex, Inc. ($2.53 billion), SoFi Technologies, Inc. ($2.24 billion), and Reddit, Inc. ($2.00 billion). View all of the most shorted stocks.

Short selling CRGO is an investing strategy that aims to generate trading profit from Freightos as its price is falling. CRGO shares are trading down $0.17 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Freightos occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of CRGO, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including CRGO, twice per month. The most recent reporting period available is November, 30 2024.