Freightos Limited (NASDAQ:CRGO) Short Interest Up 144.6% in May

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 42,800 shares, an increase of 144.6% from the April 30th total of 17,500 shares. Approximately 0.2% of the company's shares are sold short. Based on an average trading volume of 70,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Freightos

A number of hedge funds have recently added to or reduced their stakes in CRGO. Geode Capital Management LLC lifted its holdings in Freightos by 41.6% during the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock worth $57,000 after buying an additional 5,523 shares in the last quarter. Northern Trust Corp acquired a new stake in Freightos during the 4th quarter worth approximately $579,000. Jane Street Group LLC acquired a new stake in Freightos during the 4th quarter worth approximately $33,000. OMERS ADMINISTRATION Corp acquired a new stake in Freightos during the 1st quarter worth approximately $88,000. Finally, Goldman Sachs Group Inc. acquired a new stake in Freightos during the 1st quarter worth approximately $73,000. 22.72% of the stock is currently owned by institutional investors and hedge funds.

Freightos Trading Down 0.9%

Shares of CRGO stock traded down $0.02 during trading hours on Friday, hitting $2.15. The company had a trading volume of 40,012 shares, compared to its average volume of 71,661. The stock has a market capitalization of $106.91 million, a PE ratio of -6.32 and a beta of 0.06. Freightos has a fifty-two week low of $1.27 and a fifty-two week high of $4.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90. The company's fifty day moving average is $2.18 and its 200 day moving average is $2.66.

Freightos (NASDAQ:CRGO - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.05. The company had revenue of $6.95 million for the quarter, compared to analyst estimates of $6.78 million. Freightos had a negative net margin of 71.11% and a negative return on equity of 20.80%. During the same period in the prior year, the business earned ($0.06) EPS. Research analysts expect that Freightos will post -0.35 earnings per share for the current fiscal 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.