Freightos Limited (NASDAQ:CRGOW) Sees Significant Increase in Short Interest

Freightos Limited (NASDAQ:CRGOW) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 6,858 shares, a growth of 110.5% from the November 30th total of 3,258 shares. Based on an average trading volume of 9,309 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 9,309 shares, the short-interest ratio is presently 0.7 days.

Freightos Trading Up 3.5%

CRGOW stock traded up $0.01 during midday trading on Friday, reaching $0.16. 400 shares of the company’s stock traded hands, compared to its average volume of 31,243. Freightos has a 1-year low of $0.11 and a 1-year high of $0.45. The company has a 50-day simple moving average of $0.23 and a two-hundred day simple moving average of $0.24.

Freightos Company Profile

Freightos (NASDAQ:CRGOW) is a technology-driven logistics company that provides a digital booking platform for international freight shipping. Founded in 2012, the firm has developed an online marketplace that connects shippers, freight forwarders and carriers, enabling real-time comparison of rates and automated booking processes across air, ocean and trucking services. Freightos aims to simplify the complex and traditionally manual freight industry by bringing transparency and efficiency to global trade.

The company’s core offerings include a cloud-based Rate Management Platform (RMP) that allows logistics providers to manage freight contracts and automate quoting, as well as Freightos Marketplace, where shippers can obtain instant freight quotes and secure capacity with a few clicks.