Freightos Limited (NASDAQ:CRGOW) Short Interest Down 69.6% in February

Freightos Limited (NASDAQ:CRGOW) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 22,732 shares, a decrease of 69.6% from the February 12th total of 74,896 shares. Based on an average trading volume of 45,174 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 45,174 shares, the days-to-cover ratio is presently 0.5 days.

Freightos Price Performance

Shares of CRGOW opened at $0.21 on Wednesday. The firm has a 50-day moving average of $0.21 and a 200-day moving average of $0.23. Freightos has a one year low of $0.11 and a one year high of $0.40.

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.