Freightos Limited (NASDAQ:CRGO) Short Interest Update

Key Points

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Freightos Limited (NASDAQ:CRGO - Get Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 21,700 shares, agrowthof45.6% from the July 15th total of 14,900 shares. Currently,0.1% of the company's stock are sold short. Based on an average daily trading volume, of 77,200 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 77,200 shares, the days-to-cover ratio is currently 0.3 days. Currently,0.1% of the company's stock are sold short.

Institutional Investors Weigh In On Freightos

Several hedge funds and other institutional investors have recently made changes to their positions in CRGO. Jane Street Group LLC acquired a new stake in shares of Freightos in the fourth quarter valued at about $33,000. Geode Capital Management LLC grew its position in shares of Freightos by 41.6% in the fourth quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock valued at $57,000 after purchasing an additional 5,523 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Freightos in the first quarter valued at about $73,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Freightos in the first quarter valued at about $88,000. Finally, Northern Trust Corp acquired a new stake in shares of Freightos in the fourth quarter valued at about $579,000. 22.72% of the stock is owned by institutional investors and hedge funds.

Freightos Stock Performance

Shares of NASDAQ:CRGO traded up $0.22 during midday trading on Friday, hitting $3.44. The company's stock had a trading volume of 94,120 shares, compared to its average volume of 101,059. The stock has a market capitalization of $171.07 million, a price-to-earnings ratio of -7.82 and a beta of 0.10. The stock's 50 day simple moving average is $2.70 and its 200 day simple moving average is $2.58. Freightos has a fifty-two week low of $1.27 and a fifty-two week high of $4.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.15 and a current ratio of 2.15.

Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The company 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 period last year, the business posted ($0.05) earnings per share. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, research analysts anticipate that Freightos will post -0.35 earnings per share for the current 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.