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 large growth in short interest in August. As of August 31st, there was short interest totaling 25,500 shares, a growth 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 currently 0.3 days. Approximately 0.1% of the company's stock are short sold. Approximately 0.1% of the company's stock are short sold. Based on an average daily volume of 81,300 shares, the short-interest ratio is currently 0.3 days.

Freightos Stock Down 3.2%

CRGO opened at $3.01 on Friday. Freightos has a fifty-two week low of $1.27 and a fifty-two week high of $4.42. The business has a 50-day moving average of $2.98 and a 200-day moving average of $2.52. 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 $149.68 million, a PE ratio of -6.84 and a beta of 0.13.

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

Institutional Investors Weigh In On Freightos

A number of hedge funds and other institutional investors have recently made changes to their positions in CRGO. Topline Capital Management LLC bought a new position in shares of Freightos in the 2nd quarter valued at approximately $658,000. Goldman Sachs Group Inc. bought a new position in shares of Freightos in the 1st quarter valued at approximately $73,000. 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 valued at $74,000 after acquiring an additional 19,938 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Freightos in the 1st quarter valued at approximately $88,000. Finally, Northern Trust Corp bought a new position in shares of Freightos in the 4th quarter valued at approximately $579,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

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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