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

Freightos Limited (NASDAQ:CRGO) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 48,200 shares, an increase of 45.6% from the September 30th total of 33,100 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 95,200 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 95,200 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Freightos in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Freightos currently has an average rating of “Sell”.

Freightos Price Performance

Shares of CRGO opened at $3.57 on Monday. The firm has a market capitalization of $177.54 million, a PE ratio of -8.11 and a beta of 0.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.15 and a quick ratio of 2.15. Freightos has a 1-year low of $1.27 and a 1-year high of $4.42. The company’s fifty day moving average price is $3.36 and its 200-day moving average price is $2.80.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings data on Monday, August 18th. The company reported ($0.09) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.09). The firm had revenue of $7.44 million for the quarter, compared to analyst estimates of $7.22 million. Freightos had a negative net margin of 78.58% and a negative return on equity of 39.01%. During the same period in the previous year, the company earned ($0.05) earnings per share. Freightos has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, equities research analysts predict that Freightos will post -0.35 EPS for the current year.

Institutional Investors Weigh In On Freightos

A number of large investors have recently made changes to their positions in CRGO. Goldman Sachs Group Inc. purchased a new stake in shares of Freightos during the first quarter valued at $73,000. Jane Street Group LLC boosted its holdings in Freightos by 183.8% in the first quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock valued at $74,000 after purchasing an additional 19,938 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in Freightos in the first quarter valued at $88,000. Finally, Topline Capital Management LLC purchased a new stake in Freightos in the second quarter valued at $658,000. 22.72% of the stock is owned by hedge funds and other institutional investors.

About Freightos

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.