Short Interest in Freightos Limited (NASDAQ:CRGO) Decreases By 48.6%

Freightos Limited (NASDAQ:CRGO) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 72,191 shares, a decrease of 48.6% from the July 15th total of 140,472 shares. Based on an average daily volume of 39,790 shares, the short-interest ratio is presently 1.8 days. Currently, 0.2% of the shares of the company are sold short.

Freightos News Roundup

Here are the key news stories impacting Freightos this week:

• Positive Sentiment: Freightos reported second-quarter EPS of -$0.03, beating the consensus estimate of -$0.04, while revenue of $7.69 million topped expectations of approximately $7.54 million. The earnings and revenue beats likely supported the stock. Freightos second-quarter earnings report
• Positive Sentiment: Management’s earnings call emphasized the strength of Freightos’ digital freight-pricing and booking platform, with transaction growth viewed as important to converting artificial-intelligence capabilities into revenue. Executives also discussed a path toward breakeven, which may improve investor confidence in the company’s long-term model. Freightos earnings call highlights
• Positive Sentiment: Freightos appointed Yaron Eldad as chief financial officer, effective September 1, adding a new executive focused on financial management as the company scales and works toward profitability. Freightos appoints Yaron Eldad as CFO
• Neutral Sentiment: Third-quarter 2026 revenue guidance of $7.7 million to $7.8 million is broadly consistent with the $7.8 million consensus estimate. Full-year revenue guidance of $30.4 million to $31.0 million also brackets the $30.7 million consensus, suggesting no major change to near-term expectations.
• Negative Sentiment: Despite the quarterly beat, Freightos remains unprofitable, with a negative net margin of 65.65% and negative return on equity of 44.81%. Investors will likely continue monitoring cash usage and evidence that the promised path to breakeven is achievable. Freightos second-quarter results

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Freightos in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $3.00.

Hedge Funds Weigh In On Freightos

Large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC grew its position in shares of Freightos by 100.3% in the fourth quarter. Essex Investment Management Co. LLC now owns 618,564 shares of the company’s stock valued at $1,410,000 after purchasing an additional 309,746 shares in the last quarter. Sei Investments Co. boosted its stake in Freightos by 226.8% in the 1st quarter. Sei Investments Co. now owns 324,902 shares of the company’s stock worth $533,000 after purchasing an additional 225,487 shares during the period. Topline Capital Management LLC bought a new position in Freightos in the 2nd quarter worth about $658,000. Mink Brook Asset Management LLC grew its holdings in Freightos by 43.1% during the 4th quarter. Mink Brook Asset Management LLC now owns 242,352 shares of the company’s stock valued at $553,000 after buying an additional 73,001 shares in the last quarter. Finally, Legato Capital Management LLC grew its holdings in Freightos by 125.5% during the 4th quarter. Legato Capital Management LLC now owns 201,889 shares of the company’s stock valued at $460,000 after buying an additional 112,348 shares in the last quarter. 22.72% of the stock is owned by institutional investors.

Freightos Stock Performance

Shares of CRGO traded down $0.10 during trading hours on Tuesday, hitting $1.56. The company’s stock had a trading volume of 220,052 shares, compared to its average volume of 148,835. The business has a 50 day simple moving average of $1.36 and a two-hundred day simple moving average of $1.65. Freightos has a 52-week low of $1.14 and a 52-week high of $4.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $80.41 million, a price-to-earnings ratio of -4.03 and a beta of 0.36.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings results on Monday, August 17th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. The company had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.54 million. Freightos had a negative net margin of 65.65% and a negative return on equity of 44.81%.

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.