Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) was the recipient of a large decrease in short interest in February. As of February 15th, there was short interest totalling 206,300 shares, a decrease of 24.0% from the January 31st total of 271,300 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily volume of 112,700 shares, the short-interest ratio is presently 1.8 days.

Freightos Trading Down 11.6 %

NASDAQ:CRGO opened at $2.52 on Tuesday. The business’s 50-day moving average is $3.51 and its two-hundred day moving average is $2.34. The firm has a market capitalization of $124.38 million, a PE ratio of -7.41 and a beta of -0.18. Freightos has a 12 month low of $1.27 and a 12 month high of $4.42. 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) last announced its earnings results on Monday, February 24th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.11). The company 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%. Research analysts predict that Freightos will post -0.35 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in Freightos during the 4th quarter valued at $33,000. Geode Capital Management LLC boosted its position in Freightos by 41.6% in the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company’s stock valued at $57,000 after buying an additional 5,523 shares during the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of Freightos during the fourth quarter valued at about $579,000. 22.72% of the stock is owned by institutional investors and hedge funds.

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.