Freightos Limited (NASDAQ:CRGOW) Short Interest Update

Freightos Limited (NASDAQ:CRGOW) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 2,264 shares, an increase of 2,141.6% from the April 15th total of 101 shares. Based on an average daily volume of 23,399 shares, the days-to-cover ratio is presently 0.1 days.

Freightos Stock Performance

Shares of CRGOW traded up $0.03 during mid-day trading on Wednesday, reaching $0.14. The company had a trading volume of 802 shares, compared to its average volume of 29,090. The firm has a 50-day moving average price of $0.16 and a 200 day moving average price of $0.20. Freightos has a 52 week low of $0.08 and a 52 week high of $0.40.

Freightos Company Profile

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.