Freightos Limited (NASDAQ:CRGO) Short Interest Up 27.7% in December

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

Freightos Stock Up 9.5 %

Shares of Freightos stock traded up $0.34 during midday trading on Friday, reaching $3.92. 427,509 shares of the company’s stock traded hands, compared to its average volume of 91,402. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.90 and a current ratio of 2.90. Freightos has a 52 week low of $1.27 and a 52 week high of $4.08. The company’s 50 day simple moving average is $2.54 and its 200 day simple moving average is $1.92. The company has a market cap of $193.49 million, a price-to-earnings ratio of -11.53 and a beta of -0.26.

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.