Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Shares Shorted: Short Interest Down 83.0% in September

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

Analysts Set New Price Targets

Several brokerages recently weighed in on JETMF. Zacks Research downgraded Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 25th. Litchfield Hills Research started coverage on shares of Global Crossing Airlines Group in a research report on Monday, June 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Global Crossing Airlines Group Trading Down 2.9%

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

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The firm had revenue of $62.02 million during the quarter, compared to analyst estimates of $67.11 million. On average, sell-side analysts predict 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.