Freightos Limited (NASDAQ:CRGO) Short Interest Down 37.6% in September

Key Points

• Freightos Limited (NASDAQ:CRGO) experienced a significant decline in short interest, down 37.6% in September, with current short interest at 15,900 shares.
• The stock has a consensus rating of “Sell” and has recently been rated as such by Weiss Ratings, which restated its "sell (d-)" rating on September 27th.
• Freightos reported a negative net margin of -78.58% in its latest quarterly earnings, with an earnings per share (EPS) of ($0.09), aligning with analysts' expectations.

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 15,900 shares, a decline of 37.6% from the August 31st total of 25,500 shares. Based on an average daily trading volume, of 86,500 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the company's stock are sold short. Approximately 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 86,500 shares, the short-interest ratio is currently 0.2 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Freightos in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of "Sell".

Freightos Stock Down 5.2%

Freightos stock traded down $0.19 during mid-day trading on Friday, reaching $3.49. The stock had a trading volume of 125,481 shares, compared to its average volume of 94,509. The company has a market capitalization of $173.56 million, a price-to-earnings ratio of -7.93 and a beta of 0.12. The company has a 50-day moving average price of $3.24 and a two-hundred day moving average price of $2.61. Freightos has a one year low of $1.27 and a one year high of $4.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15.

Freightos (NASDAQ:CRGO - Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.09). The company had revenue of $7.44 million for the quarter, compared to analysts' expectations of $7.22 million. Freightos had a negative net margin of 78.58% and a negative return on equity of 39.01%. During the same quarter in the previous year, the business posted ($0.05) EPS. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, analysts expect that Freightos will post -0.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Freightos

A number of hedge funds have recently bought and sold shares of CRGO. Jane Street Group LLC bought a new position in Freightos in the 4th quarter worth about $33,000. OMERS ADMINISTRATION Corp purchased a new position in Freightos in the 1st quarter worth about $88,000. Goldman Sachs Group Inc. purchased a new position in Freightos in the 1st quarter worth about $73,000. Finally, Topline Capital Management LLC purchased a new position in Freightos in the 2nd quarter worth about $658,000. Institutional investors own 22.72% of the company's stock.

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.

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