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

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research cut shares of Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 25th. Litchfield Hills Research began coverage on shares of Global Crossing Airlines Group in a research note on Monday, June 22nd. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Global Crossing Airlines Group presently has a consensus rating of “Hold”.

Global Crossing Airlines Group Stock Up 2.9%

Shares of OTCMKTS:JETMF traded up $0.02 during midday trading on Friday, hitting $0.61. The stock had a trading volume of 12,200 shares, compared to its average volume of 60,892. The company has a market cap of $41.14 million, a P/E ratio of -15.13 and a beta of 1.01. Global Crossing Airlines Group has a 12 month low of $0.38 and a 12 month high of $0.87. The business’s 50-day simple moving average is $0.60 and its 200-day simple moving average is $0.62.

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

Global Crossing Airlines Group Company Profile

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.