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

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 9,989 shares, a drop of 57.6% from the September 15th total of 23,565 shares. Based on an average trading volume of 113,713 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

Global Crossing Airlines Group Stock Performance

Shares of OTCMKTS:JETMF traded down $0.01 during trading hours on Thursday, reaching $0.59. The stock had a trading volume of 144,059 shares, compared to its average volume of 69,094. Global Crossing Airlines Group has a 1 year low of $0.38 and a 1 year high of $0.87. The firm’s 50 day moving average is $0.60 and its 200-day moving average is $0.64. The stock has a market capitalization of $40.14 million, a price-to-earnings ratio of -14.76 and a beta of 0.98.

Global Crossing Airlines Group (OTCMKTS:JETMF) last announced 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. Analysts forecast that Global Crossing Airlines Group will post 0.06 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on JETMF shares. Litchfield Hills Research began coverage on shares of Global Crossing Airlines Group in a report on Monday, June 22nd. They set a “buy” rating for the company. Zacks Research lowered shares of Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 25th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold”.

Global Crossing Airlines Group Company Profile

Global Crossing Airlines Group, Inc, operating as GlobalX, is a U.S. charter airline based in Miami, Florida. The company provides passenger and cargo air transportation services, with an emphasis on charter operations and aircraft, crew, maintenance and insurance (ACMI) wet-lease arrangements.

GlobalX operates Airbus A320-family aircraft and serves a range of customers, including tour operators, other airlines, professional sports organizations, government agencies, military and humanitarian organizations, and cargo customers.