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

Freightos Limited (NASDAQ:CRGOW) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,858 shares, an increase of 110.5% from the November 30th total of 3,258 shares. Based on an average daily volume of 9,309 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 9,309 shares, the days-to-cover ratio is presently 0.7 days.

Freightos Stock Up 3.5%

CRGOW stock traded up $0.01 during midday trading on Friday, reaching $0.16. 400 shares of the company’s stock traded hands, compared to its average volume of 31,243. Freightos has a 52-week low of $0.11 and a 52-week high of $0.45. The stock’s 50-day moving average is $0.23 and its 200 day moving average is $0.24.

Freightos Company Profile

Freightos (NASDAQ:CRGOW) is a technology-driven logistics company that provides a digital booking platform for international freight shipping. Founded in 2012, the firm has developed an online marketplace that connects shippers, freight forwarders and carriers, enabling real-time comparison of rates and automated booking processes across air, ocean and trucking services. Freightos aims to simplify the complex and traditionally manual freight industry by bringing transparency and efficiency to global trade.

The company’s core offerings include a cloud-based Rate Management Platform (RMP) that allows logistics providers to manage freight contracts and automate quoting, as well as Freightos Marketplace, where shippers can obtain instant freight quotes and secure capacity with a few clicks.