Freightos Limited (NASDAQ:CRGOW) Sees Significant Decline in Short Interest

Freightos Limited (NASDAQ:CRGOW) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 22,732 shares, a decline of 69.6% from the February 12th total of 74,896 shares. Based on an average daily volume of 45,174 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 45,174 shares, the short-interest ratio is presently 0.5 days.

Freightos Stock Performance

Shares of Freightos stock traded down $0.02 during trading on Friday, hitting $0.19. The company’s stock had a trading volume of 4,134 shares, compared to its average volume of 40,068. Freightos has a 52 week low of $0.11 and a 52 week high of $0.40. The stock has a 50-day moving average price of $0.21 and a two-hundred day moving average price of $0.23.

About Freightos

Freightos (NASDAQ:CRGOW) is a technology-driven logistics company that provides a digital booking platform for international freight shipping. Founded in 2012, the firm has developed an online marketplace that connects shippers, freight forwarders and carriers, enabling real-time comparison of rates and automated booking processes across air, ocean and trucking services. Freightos aims to simplify the complex and traditionally manual freight industry by bringing transparency and efficiency to global trade.

The company’s core offerings include a cloud-based Rate Management Platform (RMP) that allows logistics providers to manage freight contracts and automate quoting, as well as Freightos Marketplace, where shippers can obtain instant freight quotes and secure capacity with a few clicks.