Freightos Limited (NASDAQ:CRGO) Sees Significant Drop in Short Interest

by · The Markets Daily

Freightos Limited (NASDAQ:CRGO – Get Free Report) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 21,959 shares, a drop of 53.0% from the December 31st total of 46,766 shares. Based on an average daily trading volume, of 112,967 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 112,967 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Freightos from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Freightos in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Freightos presently has a consensus rating of “Sell”.

View Our Latest Stock Report on CRGO

Hedge Funds Weigh In On Freightos

A number of institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. purchased a new stake in Freightos in the 1st quarter worth approximately $73,000. Citadel Advisors LLC increased its holdings in shares of Freightos by 24.4% in the third quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock worth $246,000 after purchasing an additional 14,624 shares during the last quarter. Topline Capital Management LLC purchased a new stake in shares of Freightos during the 2nd quarter worth approximately $658,000. Jane Street Group LLC raised its stake in Freightos by 183.8% during the first quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock valued at $74,000 after purchasing an additional 19,938 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in Freightos during the third quarter valued at $1,019,000. 22.72% of the stock is owned by institutional investors.

Freightos Stock Down 2.8%

Shares of NASDAQ:CRGO traded down $0.06 during trading on Friday, reaching $2.15. 56,341 shares of the stock traded hands, compared to its average volume of 127,552. The stock has a market cap of $110.22 million, a P/E ratio of -4.48 and a beta of 0.18. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a 50-day moving average of $2.66 and a two-hundred day moving average of $3.06. Freightos has a 52-week low of $1.72 and a 52-week high of $4.25.

Freightos (NASDAQ:CRGO – Get Free Report) last released its quarterly earnings data on Monday, November 17th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Freightos had a negative net margin of 82.31% and a negative return on equity of 47.17%. The business had revenue of $7.67 million during the quarter, compared to the consensus estimate of $7.64 million. As a group, sell-side analysts expect that Freightos will post -0.35 earnings per share for the current fiscal year.

About Freightos

(Get Free Report)

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.

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