Short Interest in Freightos Limited (NASDAQ:CRGO) Expands By 27.7%

Freightos Limited (NASDAQ:CRGO) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 88,000 shares, a growth of 27.7% from the December 15th total of 68,900 shares. Based on an average daily trading volume, of 114,500 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are sold short.

Freightos Trading Up 9.5 %

CRGO stock traded up $0.34 during mid-day trading on Friday, reaching $3.92. 427,509 shares of the stock traded hands, compared to its average volume of 91,402. Freightos has a 52-week low of $1.27 and a 52-week high of $4.08. The stock’s fifty day moving average is $2.54 and its 200-day moving average is $1.92. The company has a market cap of $193.49 million, a P/E ratio of -11.53 and a beta of -0.26. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.01.

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.