Freightos Limited (NASDAQ:CRGO) Sees Large Decrease in Short Interest

Key Points

• Short interest in Freightos Limited (NASDAQ:CRGO) has significantly declined, dropping by 44.2% in August, with total shares shorted at 12,100 as of August 15th.
• Freightos reported a negative earnings per share of ($0.09) for the quarter ending August 18th, matching analyst expectations, while revenues reached $7.44 million.
• Institutional investors own 22.72% of Freightos' shares, with several hedge funds acquiring new stakes in recent quarters, indicating increased interest in the company's stock.

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 15th, there was short interest totaling 12,100 shares, adeclineof44.2% from the July 31st total of 21,700 shares. Based on an average trading volume of 81,900 shares, the days-to-cover ratio is presently 0.1 days. Approximately0.1% of the shares of the company are short sold. Approximately0.1% of the shares of the company are short sold. Based on an average trading volume of 81,900 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On Freightos

Several institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in Freightos in the 4th quarter valued at $33,000. Goldman Sachs Group Inc. bought a new stake in Freightos in the 1st quarter valued at $73,000. OMERS ADMINISTRATION Corp bought a new stake in Freightos in the 1st quarter valued at $88,000. Northern Trust Corp bought a new stake in Freightos in the 4th quarter valued at $579,000. Finally, Topline Capital Management LLC bought a new stake in Freightos in the 2nd quarter valued at $658,000. Institutional investors own 22.72% of the company's stock.

Freightos Stock Performance

CRGO stock traded down $0.01 on Monday, reaching $3.15. 73,217 shares of the company were exchanged, compared to its average volume of 79,864. Freightos has a 12 month low of $1.27 and a 12 month high of $4.42. The stock's fifty day moving average price is $2.91 and its 200 day moving average price is $2.52. The firm has a market capitalization of $156.65 million, a PE ratio of -7.16 and a beta of 0.12. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15.

Freightos (NASDAQ:CRGO - Get Free Report) last announced its earnings results on Monday, August 18th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.09). Freightos had a negative net margin of 78.58% and a negative return on equity of 39.01%. The business had revenue of $7.44 million for the quarter, compared to analyst estimates of $7.22 million. During the same quarter 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, research analysts anticipate 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.