Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Sees Large Decrease in Short Interest

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 23,565 shares, a drop of 83.0% from the August 31st total of 138,743 shares. Based on an average daily volume of 153,992 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms recently issued reports on JETMF. Litchfield Hills Research started coverage on Global Crossing Airlines Group in a research note on Monday, June 22nd. They issued a “buy” rating on the stock. Zacks Research cut Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Global Crossing Airlines Group currently has a consensus rating of “Hold”.

Global Crossing Airlines Group Price Performance

Global Crossing Airlines Group stock opened at $0.59 on Friday. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.87. The stock has a market capitalization of $39.97 million, a P/E ratio of -14.70 and a beta of 1.01. The firm’s 50-day moving average is $0.59 and its two-hundred day moving average is $0.62.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $62.02 million for the quarter, compared to analyst estimates of $67.11 million. As a group, analysts forecast that Global Crossing Airlines Group will post 0.06 EPS for the current year.

About Global Crossing Airlines Group

Global Crossing Airlines Group Inc, operating as GlobalX, is a U.S.-based charter and aircraft, crew, maintenance and insurance (ACMI) airline. The company provides aircraft and aviation personnel to other airlines, tour operators, government agencies and other customers that require scheduled or ad hoc air transportation capacity.

GlobalX primarily operates Airbus A320-family aircraft and offers passenger and cargo transportation services. Its activities include passenger charters, wet-leasing aircraft to third-party carriers, military and government transportation, and cargo operations.