Freightos Limited (NASDAQ:CRGOW) Short Interest Update

Freightos Limited (NASDAQ:CRGOW) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 81,051 shares, an increase of 39,630.9% from the January 15th total of 204 shares. Based on an average daily volume of 59,494 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 59,494 shares, the days-to-cover ratio is presently 1.4 days.

Freightos Stock Up 10.5%

NASDAQ CRGOW opened at $0.23 on Wednesday. Freightos has a 1 year low of $0.11 and a 1 year high of $0.45. The company has a fifty day simple moving average of $0.20 and a 200 day simple moving average of $0.24.

About Freightos

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.