Freightos Limited (NASDAQ:CRGO) Short Interest Up 108.2% in September

Key Points

• Freightos Limited (NASDAQ:CRGO) experienced a significant increase in short interest, rising by 108.2% in September, totaling 33,100 shares by the end of the month.
• The company has a consensus rating of "Sell" from analysts, with Weiss Ratings recently restating a "sell (d-)" rating on the stock.
• Freightos reports a market capitalization of $174.55 million and a current stock price of $3.51, having declined by 2.5% recently.

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 33,100 shares, a growth of 108.2% from the September 15th total of 15,900 shares. Based on an average daily volume of 95,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 95,900 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Freightos in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Freightos has a consensus rating of "Sell".

Freightos Stock Down 2.5%

Shares of Freightos stock opened at $3.51 on Monday. The business's fifty day moving average price is $3.35 and its two-hundred day moving average price is $2.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. The company has a market capitalization of $174.55 million, a P/E ratio of -7.98 and a beta of 0.12. Freightos has a 1-year low of $1.27 and a 1-year high of $4.42.

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

Institutional Trading of Freightos

A number of hedge funds and other institutional investors have recently modified their holdings of CRGO. Topline Capital Management LLC bought a new stake in shares of Freightos in the 2nd quarter worth $658,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Freightos in the 1st quarter worth $88,000. Goldman Sachs Group Inc. bought a new stake in shares of Freightos in the 1st quarter worth $73,000. Finally, Jane Street Group LLC raised its stake in shares of Freightos by 183.8% in the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company's stock worth $74,000 after buying an additional 19,938 shares in the last quarter. 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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