Freightos Limited (NASDAQ:CRGO) Short Interest Up 20.6% in February

Freightos Limited (NASDAQ:CRGO) was the recipient of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 248,700 shares, an increase of 20.6% from the February 13th total of 206,300 shares. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 110,300 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On Freightos

Several large investors have recently made changes to their positions in CRGO. Northern Trust Corp bought a new position in Freightos in the 4th quarter worth approximately $579,000. Geode Capital Management LLC raised its stake in Freightos by 41.6% during the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company’s stock valued at $57,000 after acquiring an additional 5,523 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in Freightos during the 4th quarter worth $33,000. Institutional investors and hedge funds own 22.72% of the company’s stock.

Freightos Stock Performance

NASDAQ CRGO traded up $0.07 during trading hours on Tuesday, hitting $2.33. The company had a trading volume of 72,544 shares, compared to its average volume of 62,709. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.01. The firm has a market cap of $115.01 million, a P/E ratio of -6.85 and a beta of -0.09. Freightos has a fifty-two week low of $1.27 and a fifty-two week high of $4.42. The business has a fifty day simple moving average of $3.36 and a 200-day simple moving average of $2.39.

Freightos (NASDAQ:CRGO) last released its quarterly earnings data on Monday, February 24th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.11). The firm had revenue of $6.59 million during the quarter, compared to analyst estimates of $6.80 million. Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. Equities analysts predict that Freightos will post -0.35 EPS for the current year.

About Freightos

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.