Freightos Limited (NASDAQ:CRGO) Short Interest Up 15.2% in June

Freightos Limited (NASDAQ:CRGO) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 33,400 shares, a growth of 15.2% from the May 31st total of 29,000 shares. Based on an average trading volume of 18,400 shares, the short-interest ratio is currently 1.8 days. Currently, 0.2% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Chardan Capital lowered their price target on Freightos from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd.

Hedge Funds Weigh In On Freightos

A hedge fund recently raised its stake in Freightos stock. Seven Post Investment Office LP grew its holdings in Freightos Limited (NASDAQ:CRGO) by 50.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 80,195 shares of the company’s stock after purchasing an additional 26,931 shares during the period. Seven Post Investment Office LP’s holdings in Freightos were worth $267,000 as of its most recent filing with the Securities & Exchange Commission. 22.72% of the stock is owned by institutional investors.

Freightos Stock Down 2.2 %

NASDAQ CRGO traded down $0.05 on Wednesday, reaching $2.25. 385 shares of the company were exchanged, compared to its average volume of 18,326. The business’s fifty day moving average price is $2.31 and its 200 day moving average price is $2.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.99 and a current ratio of 3.99. Freightos has a fifty-two week low of $1.42 and a fifty-two week high of $4.20.

Freightos (NASDAQ:CRGO) last released its quarterly earnings data on Monday, May 20th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. The company had revenue of $5.36 million for the quarter, compared to analyst estimates of $5.26 million. Freightos had a negative return on equity of 19.04% and a negative net margin of 99.95%. Equities analysts expect that Freightos will post -0.4 earnings per share for the current fiscal year.

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.