Short Interest in Freightos Limited (NASDAQ:CRGOW) Expands By 2,141.6%

Freightos Limited (NASDAQ:CRGOW) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,264 shares, an increase of 2,141.6% from the April 15th total of 101 shares. Based on an average trading volume of 23,399 shares, the short-interest ratio is presently 0.1 days.

Freightos Stock Up 3.2%

Shares of NASDAQ:CRGOW opened at $0.11 on Tuesday. Freightos has a 1-year low of $0.08 and a 1-year high of $0.40. The firm’s 50 day simple moving average is $0.16 and its two-hundred day simple moving average is $0.20.

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.