Freightos Limited (NASDAQ:CRGO) Short Interest Up 110.7% in August

Key Points

• Freightos Limited's short interest surged by 110.7% in August, increasing from 12,100 shares to 25,500 shares.
• The company's stock is currently down 3.2% at $3.01, with a 52-week low of $1.27 and a high of $4.42.
• Freightos reported earnings of ($0.09) per share for the last quarter, meeting analysts' expectations while showing a negative return on equity of 39.01%.

Freightos Limited (NASDAQ:CRGO - Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 25,500 shares, an increase of 110.7% from the August 15th total of 12,100 shares. Based on an average daily volume of 81,300 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 81,300 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of Freightos

Hedge funds and other institutional investors have recently modified their holdings of the business. Topline Capital Management LLC acquired a new position in Freightos in the second quarter worth about $658,000. Northern Trust Corp purchased a new position in shares of Freightos during the 4th quarter valued at $579,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Freightos during the 1st quarter valued at $88,000. Jane Street Group LLC boosted its holdings in Freightos by 183.8% in the first quarter. Jane Street Group LLC now owns 30,788 shares of the company's stock worth $74,000 after purchasing an additional 19,938 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Freightos in the first quarter worth $73,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

Freightos Trading Down 1.6%

CRGO stock traded down $0.05 during midday trading on Friday, hitting $3.25. 114,344 shares of the company's stock were exchanged, compared to its average volume of 83,159. The business has a 50-day simple moving average of $3.04 and a two-hundred day simple moving average of $2.53. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $161.41 million, a PE ratio of -7.38 and a beta of 0.13. Freightos has a 1-year low of $1.27 and a 1-year high of $4.42.

Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.09) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.09). The business had revenue of $7.44 million during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted ($0.05) earnings per share. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, sell-side analysts predict that Freightos will post -0.35 EPS 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.