Freightos Limited (NASDAQ:CRGO) Short Interest Update

by · The Cerbat Gem

Freightos Limited (NASDAQ:CRGO – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totalling 66,100 shares, a drop of 9.0% from the September 30th total of 72,600 shares. Based on an average daily trading volume, of 29,200 shares, the short-interest ratio is currently 2.3 days. Currently, 0.3% of the shares of the stock are short sold.

Freightos Stock Up 1.1 %

NASDAQ:CRGO traded up $0.02 during midday trading on Friday, reaching $1.36. 22,064 shares of the stock traded hands, compared to its average volume of 23,997. The business has a 50-day moving average of $1.43 and a two-hundred day moving average of $1.88. The stock has a market capitalization of $65.34 million, a PE ratio of -3.14 and a beta of -0.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.47 and a current ratio of 3.47. Freightos has a 12-month low of $1.27 and a 12-month high of $3.62.

Freightos (NASDAQ:CRGO – Get Free Report) last announced its quarterly earnings data on Monday, August 19th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01). Freightos had a negative net margin of 95.45% and a negative return on equity of 21.08%. The firm had revenue of $5.66 million during the quarter, compared to analyst estimates of $5.55 million. During the same period in the prior year, the company posted ($0.10) earnings per share. On average, equities analysts forecast that Freightos will post -0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Oppenheimer decreased their target price on shares of Freightos from $4.50 to $3.50 and set an “outperform” rating on the stock in a research report on Wednesday, August 21st.

View Our Latest Research Report on Freightos

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Freightos stock. M&G Plc acquired a new position in shares of Freightos Limited (NASDAQ:CRGO – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,771,094 shares of the company’s stock, valued at approximately $4,339,000. M&G Plc owned about 3.70% of Freightos as of its most recent filing with the Securities & Exchange Commission. 22.72% of the stock is currently owned by institutional investors and hedge funds.

About Freightos

(Get Free Report)

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.

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