Freightos Limited (NASDAQ:CRGO) Sees Significant Increase in Short Interest

Freightos Limited (NASDAQ:CRGOGet Free Report) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 15,100 shares, a growth of 58.9% from the January 15th total of 9,500 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 22,200 shares, the days-to-cover ratio is currently 0.7 days.

Freightos Stock Up 0.7 %

Shares of CRGO opened at $3.00 on Tuesday. The firm’s 50 day simple moving average is $3.23 and its 200 day simple moving average is $2.84. Freightos has a 1-year low of $1.85 and a 1-year high of $6.15.

Freightos (NASDAQ:CRGOGet Free Report) last announced its earnings results on Tuesday, November 21st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.07. The business had revenue of $5.11 million for the quarter, compared to the consensus estimate of $5.14 million. Freightos had a negative net margin of 358.55% and a negative return on equity of 35.00%. On average, sell-side analysts anticipate that Freightos will post -1.5 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Geode Capital Management LLC purchased a new position in shares of Freightos during the first quarter worth approximately $35,000. 683 Capital Management LLC purchased a new position in shares of Freightos during the third quarter worth approximately $25,000. Citigroup Inc. bought a new position in shares of Freightos in the first quarter worth approximately $38,000. Seven Post Investment Office LP grew its holdings in shares of Freightos by 49.0% in the third quarter. Seven Post Investment Office LP now owns 53,264 shares of the company’s stock worth $123,000 after purchasing an additional 17,508 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Freightos in the first quarter worth approximately $71,000.

About Freightos

(Get Free Report)

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. The company operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters.

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