Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Sees Significant Drop in Short Interest

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 36,480 shares, a decrease of 89.5% from the April 15th total of 347,253 shares. Based on an average daily volume of 129,130 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Global Crossing Airlines Group Trading Down 3.0%

Global Crossing Airlines Group stock traded down $0.02 during mid-day trading on Tuesday, reaching $0.77. The company had a trading volume of 32,890 shares, compared to its average volume of 75,026. The business has a fifty day simple moving average of $0.55 and a 200 day simple moving average of $0.60. The company has a market cap of $51.02 million, a P/E ratio of -76.89 and a beta of 0.94. Global Crossing Airlines Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.87.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $76.57 million for the quarter, compared to the consensus estimate of $60.53 million.

Global Crossing Airlines Group Company Profile

Global Crossing Airlines Group (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320?family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.

The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.