Freightos Limited (NASDAQ:CRGO) Short Interest Down 26.5% in December

Freightos Limited (NASDAQ:CRGO - Get Free Report) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 46,766 shares, a decline of 26.5% from the December 15th total of 63,624 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 92,966 shares, the short-interest ratio is presently 0.5 days. Based on an average trading volume of 92,966 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.Freightos Trading Up 2.6%Shares of Freightos stock opened at $2.77 on Friday. The firm has a market capitalization of $142.07 million, a PE ratio of -5.77 and a beta of 0.18. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $2.86 and its 200 day moving average is $3.05. Freightos has a 1 year low of $1.72 and a 1 year high of $4.42. Freightos (NASDAQ:CRGO - Get Free Report) last issued its quarterly earnings data on Monday, November 17th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The company had revenue of $7.67 million during the quarter, compared to the consensus estimate of $7.64 million. Freightos had a negative net margin of 82.31% and a negative return on equity of 47.17%. Equities research analysts forecast that Freightos will post -0.35 earnings per share for the current fiscal year. Analyst Upgrades and DowngradesCRGO has been the topic of a number of recent analyst reports. Wall Street Zen cut Freightos from a "hold" rating to a "sell" rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a "sell (d-)" rating on shares of Freightos in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".View Our Latest Stock Analysis on CRGOInstitutional Investors Weigh In On FreightosA number of hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC increased its holdings in Freightos by 24.4% in the 3rd quarter. Citadel Advisors LLC now owns 74,671 shares of the company's stock worth $246,000 after purchasing an additional 14,624 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Freightos by 116.5% during the third quarter. Millennium Management LLC now owns 30,711 shares of the company's stock worth $101,000 after purchasing an additional 16,525 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Freightos by 183.8% in the first quarter. Jane Street Group LLC now owns 30,788 shares of the company's stock valued at $74,000 after buying an additional 19,938 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Freightos in the first quarter valued at approximately $73,000. Finally, Ancora Advisors LLC bought a new position in Freightos in the 3rd quarter valued at approximately $147,000. Institutional investors own 22.72% of the company's stock. About Freightos (Get Free Report)Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company's core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface. In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.Featured ArticlesFive stocks we like better than FreightosElon Taking SpaceX Public! $100 Pre-IPO Opportunity!How a Family Trust May Be Able To Help Preserve Your WealthA U.S. “birthright” claim worth trillions - activated quietlyExecutive Order 14330: Trump’s Biggest Yet“Fed Proof” Your Bank Account with THESE 4 Simple StepsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Freightos Right Now?Before you consider Freightos, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Freightos wasn't on the list.While Freightos currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here