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

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

Global Crossing Airlines Group Stock Performance

Shares of JETMF traded down $0.02 during trading hours on Tuesday, hitting $0.77. 32,890 shares of the stock were exchanged, compared to its average volume of 75,026. The stock’s 50-day moving average price is $0.55 and its two-hundred day moving average price is $0.60. The company has a market cap of $51.02 million, a price-to-earnings ratio of -76.89 and a beta of 0.94. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.87.

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

About Global Crossing Airlines Group

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.