Freightos Limited (NASDAQ:CRGO) Short Interest Update

Freightos Limited (NASDAQ:CRGO) saw a significant drop in short interest in June. As of June 30th, there was short interest totalling 29,400 shares, a drop of 12.0% from the June 15th total of 33,400 shares. Based on an average daily volume of 20,300 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of Freightos

A hedge fund recently raised its stake in Freightos stock. Seven Post Investment Office LP increased its stake in shares of Freightos Limited (NASDAQ:CRGO) by 50.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 80,195 shares of the company’s stock after buying 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 SEC. Institutional investors and hedge funds own 22.72% of the company’s stock.

Freightos Price Performance

CRGO stock remained flat at $1.95 during midday trading on Wednesday. 15,122 shares of the company’s stock traded hands, compared to its average volume of 19,231. The firm has a market cap of $94.03 million, a PE ratio of -4.43 and a beta of -0.43. The business has a fifty day moving average price of $2.18 and a two-hundred day moving average price of $2.57. Freightos has a 12-month low of $1.42 and a 12-month high of $3.84. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.01.

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 the consensus estimate 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 net margin of 99.95% and a negative return on equity of 19.04%. Equities analysts expect that Freightos will post -0.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.