Freightos Limited (NASDAQ:CRGO) Short Interest Update

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) saw a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 12,100 shares, a decrease of 44.2% from the July 31st total of 21,700 shares. Based on an average daily trading volume, of 81,900 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 81,900 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Freightos

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Topline Capital Management LLC purchased a new position in shares of Freightos during the 2nd quarter valued at approximately $658,000. Northern Trust Corp purchased a new position in shares of Freightos during the 4th quarter valued at approximately $579,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Freightos during the 1st quarter valued at approximately $88,000. Goldman Sachs Group Inc. purchased a new position in shares of Freightos during the 1st quarter valued at approximately $73,000. Finally, Jane Street Group LLC lifted its position in shares of Freightos by 183.8% during the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company's stock valued at $74,000 after buying an additional 19,938 shares in the last quarter. Institutional investors and hedge funds own 22.72% of the company's stock.

Freightos Stock Performance

Shares of NASDAQ CRGO traded down $0.05 during midday trading on Thursday, reaching $3.11. 110,456 shares of the stock were exchanged, compared to its average volume of 80,293. The firm has a market cap of $154.66 million, a price-to-earnings ratio of -7.07 and a beta of 0.13. Freightos has a twelve month low of $1.27 and a twelve month high of $4.42. The firm has a 50-day simple moving average of $2.97 and a two-hundred day simple moving average of $2.52. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.02.

Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The company reported ($0.09) EPS for the quarter, hitting analysts' consensus estimates of ($0.09). The business had revenue of $7.44 million for the quarter, compared to analysts' expectations of $7.22 million. Freightos had a negative net margin of 78.58% and a negative return on equity of 39.01%. During the same quarter last year, the company earned ($0.05) EPS. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, analysts anticipate 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.