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

Freightos Limited (NASDAQ:CRGO) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 33,600 shares, a growth of 14.3% from the June 30th total of 29,400 shares. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 1.5 days. Currently, 0.2% of the shares of the company are sold short.

Freightos Trading Up 1.7 %

CRGO stock traded up $0.03 during trading on Wednesday, hitting $1.78. The company had a trading volume of 1,957 shares, compared to its average volume of 19,431. The business has a 50 day moving average of $2.08 and a 200 day moving average of $2.47. Freightos has a fifty-two week low of $1.42 and a fifty-two week high of $3.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.99 and a current ratio of 3.99.

Freightos (NASDAQ:CRGO) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.05. The business had revenue of $5.36 million during the quarter, compared to the consensus estimate of $5.26 million. Freightos had a negative net margin of 99.95% and a negative return on equity of 19.04%. On average, equities research analysts expect that Freightos will post -0.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Freightos

A hedge fund recently raised its stake in Freightos stock. Seven Post Investment Office LP raised its holdings in Freightos Limited (NASDAQ:CRGO) by 50.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,195 shares of the company’s stock after acquiring an additional 26,931 shares during the quarter. Seven Post Investment Office LP’s holdings in Freightos were worth $267,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 22.72% of the company’s stock.

Analyst Ratings Changes

Separately, Chardan Capital lowered their price target on shares of Freightos from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd.

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.