Freightos Limited (NASDAQ:CRGO) Short Interest Up 90.9% in August

Freightos Limited (NASDAQ:CRGO) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 137,799 shares, an increase of 90.9% from the July 30th total of 72,191 shares. Based on an average daily volume of 39,356 shares, the short-interest ratio is presently 3.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP bought a new stake in shares of Freightos in the 4th quarter valued at about $32,000. GHP Investment Advisors Inc. bought a new position in Freightos during the 1st quarter worth approximately $36,000. OMERS ADMINISTRATION Corp purchased a new position in Freightos in the 4th quarter worth approximately $52,000. Barclays PLC bought a new stake in Freightos in the fourth quarter valued at approximately $55,000. Finally, Balyasny Asset Management L.P. bought a new stake in Freightos in the fourth quarter valued at approximately $57,000. 22.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Freightos in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.00.

Freightos Trading Down 3.8%

Shares of CRGO traded down $0.05 during mid-day trading on Monday, reaching $1.26. The company’s stock had a trading volume of 22,140 shares, compared to its average volume of 144,835. The stock has a market cap of $64.74 million, a PE ratio of -3.82 and a beta of 0.36. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.04. Freightos has a 52 week low of $1.14 and a 52 week high of $4.24. The company’s fifty day moving average price is $1.32 and its two-hundred day moving average price is $1.61.

Freightos (NASDAQ:CRGO) last released its earnings results on Monday, August 17th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The company had revenue of $7.69 million for the quarter, compared to analyst estimates of $7.32 million. Freightos had a negative net margin of 56.24% and a negative return on equity of 41.63%.

About Freightos

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.