Freightos Limited (NASDAQ:CRGO) Short Interest Down 26.5% in December

Freightos Limited (NASDAQ:CRGO) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 46,766 shares, a decrease of 26.5% from the December 15th total of 63,624 shares. Based on an average trading volume of 92,966 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 92,966 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

A number of brokerages have recently commented on CRGO. Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a report on Wednesday, October 8th. Wall Street Zen downgraded Freightos from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Freightos

A number of institutional investors and hedge funds have recently modified their holdings of CRGO. Goldman Sachs Group Inc. acquired a new stake in shares of Freightos during the 1st quarter worth approximately $73,000. Jane Street Group LLC boosted its stake in Freightos by 183.8% during the first quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock worth $74,000 after acquiring an additional 19,938 shares in the last quarter. Millennium Management LLC boosted its stake in Freightos by 116.5% during the third quarter. Millennium Management LLC now owns 30,711 shares of the company’s stock worth $101,000 after acquiring an additional 16,525 shares in the last quarter. Ancora Advisors LLC bought a new stake in Freightos in the third quarter valued at $147,000. Finally, Citadel Advisors LLC increased its stake in Freightos by 24.4% in the third quarter. Citadel Advisors LLC now owns 74,671 shares of the company’s stock valued at $246,000 after purchasing an additional 14,624 shares in the last quarter. 22.72% of the stock is currently owned by institutional investors.

Freightos Trading Up 2.6%

CRGO opened at $2.77 on Friday. Freightos has a twelve month low of $1.72 and a twelve month high of $4.42. The company has a fifty day moving average of $2.86 and a 200-day moving average of $3.05. The stock has a market cap of $142.07 million, a PE ratio of -5.77 and a beta of 0.18. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.02.

Freightos (NASDAQ:CRGO) last posted its quarterly earnings data on Monday, November 17th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Freightos had a negative return on equity of 47.17% and a negative net margin of 82.31%.The business had revenue of $7.67 million during the quarter, compared to the consensus estimate of $7.64 million. On average, sell-side analysts predict that Freightos will post -0.35 EPS for the current year.

Freightos Company Profile

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.