Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 66,271 shares, a decline of 51.9% from the August 15th total of 137,799 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 692,443 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Freightos

Several large investors have recently modified their holdings of CRGO. Sei Investments Co. grew its position in Freightos by 226.8% in the 1st quarter. Sei Investments Co. now owns 324,902 shares of the company’s stock valued at $533,000 after buying an additional 225,487 shares during the last quarter. Legato Capital Management LLC lifted its stake in shares of Freightos by 125.5% in the 4th quarter. Legato Capital Management LLC now owns 201,889 shares of the company’s stock worth $460,000 after acquiring an additional 112,348 shares during the period. Finally, GHP Investment Advisors Inc. acquired a new stake in shares of Freightos in the 1st quarter worth $36,000. Hedge funds and other institutional investors own 22.72% of the company’s stock.

Freightos Stock Performance

Shares of CRGO traded down $0.02 during mid-day trading on Wednesday, hitting $1.09. 49,700 shares of the company’s stock were exchanged, compared to its average volume of 139,543. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.04. Freightos has a fifty-two week low of $1.05 and a fifty-two week high of $4.24. The business’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.55. The firm has a market capitalization of $56.00 million, a P/E ratio of -3.30 and a beta of 0.38.

Freightos (NASDAQ:CRGO) last issued its quarterly earnings results on Monday, August 17th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $7.69 million for the quarter, compared to analysts’ expectations of $7.32 million. Freightos had a negative return on equity of 41.63% and a negative net margin of 56.24%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Freightos in a research report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.