Short Interest in Freightos Limited (NASDAQ:CRGOW) Drops By 49.5%

Freightos Limited (NASDAQ:CRGOW) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 3,462 shares, a drop of 49.5% from the December 15th total of 6,858 shares. Based on an average daily volume of 18,076 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 18,076 shares, the short-interest ratio is currently 0.2 days.

Freightos Stock Up 14.0%

Freightos stock traded up $0.02 during trading hours on Thursday, hitting $0.15. The stock had a trading volume of 2,400 shares, compared to its average volume of 20,067. Freightos has a 1-year low of $0.11 and a 1-year high of $0.45. The stock’s fifty day moving average is $0.20 and its two-hundred day moving average is $0.23.

Freightos Company Profile

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.