Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) saw a significant growth in short interest in February. As of February 27th, there was short interest totaling 118,051 shares, a growth of 214.6% from the February 12th total of 37,523 shares. Based on an average daily trading volume, of 157,098 shares, the short-interest ratio is presently 0.8 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 157,098 shares, the short-interest ratio is presently 0.8 days.

Freightos Price Performance

NASDAQ CRGO remained flat at $1.25 during trading hours on Friday. The company’s stock had a trading volume of 192,715 shares, compared to its average volume of 135,678. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.02 and a current ratio of 2.16. The firm has a 50-day moving average price of $2.00 and a 200 day moving average price of $2.80. Freightos has a twelve month low of $1.17 and a twelve month high of $4.24. The firm has a market cap of $64.11 million, a P/E ratio of -3.57 and a beta of 0.25.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings data on Monday, February 23rd. The company reported ($0.07) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.01. The firm had revenue of $7.41 million for the quarter, compared to analyst estimates of $7.47 million. Freightos had a negative return on equity of 37.28% and a negative net margin of 59.46%. On average, sell-side analysts forecast that Freightos will post -0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Hudson Bay Capital Management LP bought a new stake in shares of Freightos in the 4th quarter worth approximately $32,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Freightos in the 4th quarter valued at $52,000. Barclays PLC bought a new position in shares of Freightos during the 4th quarter valued at $55,000. Balyasny Asset Management L.P. purchased a new position in Freightos in the 4th quarter worth $57,000. Finally, Goldman Sachs Group Inc. purchased a new position in Freightos in the 1st quarter worth $73,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRGO shares. Craig Hallum restated a “buy” rating and issued a $3.00 target price on shares of Freightos in a research note on Tuesday, February 24th. Wall Street Zen lowered Freightos from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Freightos in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $3.00.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.