Freightos Limited (NASDAQ:CRGO) Short Interest Update

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Freightos stock. Seven Post Investment Office LP raised its stake in Freightos Limited (NASDAQ:CRGO) by 50.6% in the 4th quarter, according to the company in its most recent disclosure 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 quarter. Seven Post Investment Office LP’s holdings in Freightos were worth $267,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 22.72% of the company’s stock.

Analysts Set New Price Targets

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

Freightos Stock Performance

Shares of Freightos stock opened at $2.38 on Monday. The stock’s 50-day moving average is $2.33 and its 200 day moving average is $2.68. 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 one year low of $1.42 and a one year high of $4.28.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings results on Monday, May 20th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.05. The business 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%. As a group, equities analysts anticipate that Freightos will post -0.4 EPS for the current fiscal year.

Freightos Company Profile

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.