Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Shares Shorted: Short Interest Down 89.6% in October

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 2,500 shares, a drop of 89.6% from the October 15th total of 23,944 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 192,439 shares, the short-interest ratio is currently 0.0 days.

Global Crossing Airlines Group Trading Down 1.6%

Shares of OTCMKTS:JETMF opened at $0.53 on Wednesday. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.86. The business’s fifty day simple moving average is $0.59 and its 200-day simple moving average is $0.61.

Global Crossing Airlines Group (OTCMKTS:JETMF) last released its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $62.02 million during the quarter, compared to the consensus estimate of $67.11 million. Global Crossing Airlines Group had a negative return on equity of 1.44% and a negative net margin of 0.11%. As a group, equities analysts anticipate that Global Crossing Airlines Group will post 0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Global Crossing Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

About Global Crossing Airlines Group

Global Crossing Airlines Group Inc., operating as GlobalX, is a U.S. charter and aircraft, crew, maintenance and insurance (ACMI) airline. The company operates Airbus A320-family aircraft and provides capacity to other airlines, tour operators, government agencies and other customers that require passenger or cargo transportation. GlobalX’s services include charter flights, wet-lease operations and air cargo transportation. Its aircraft and crews serve a range of routes in the United States, the Caribbean, Latin America and other international markets, depending on customer requirements and operating contracts.