Short Interest in Freightos Limited (NASDAQ:CRGO) Drops By 98.0%

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 6,400 shares, a drop of 98.0% from the March 31st total of 315,200 shares. Based on an average trading volume of 79,300 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of Freightos

Hedge funds and other institutional investors have recently bought and sold shares of the business. Northern Trust Corp bought a new position in shares of Freightos during the fourth quarter worth approximately $579,000. Jane Street Group LLC acquired a new stake in Freightos during the fourth quarter worth approximately $33,000. Finally, Geode Capital Management LLC grew its position in Freightos by 41.6% during the fourth 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. Institutional investors and hedge funds own 22.72% of the company's stock.

Freightos Stock Performance

Shares of NASDAQ:CRGO traded up $0.13 during trading on Wednesday, reaching $2.29. 42,240 shares of the stock were exchanged, compared to its average volume of 67,251. Freightos has a 12 month low of $1.27 and a 12 month high of $4.42. The stock has a 50-day moving average price of $2.35 and a 200-day moving average price of $2.54. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.01. The firm has a market cap of $113.87 million, a PE ratio of -6.74 and a beta of 0.05.

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

Freightos Company Profile

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.