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 decrease in short interest in the month of September. As of September 30th, there was short interest totaling 9,989 shares, a decrease of 57.6% from the September 15th total of 23,565 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 113,713 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analyst Weigh In

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

Global Crossing Airlines Group Stock Down 1.6%

OTCMKTS JETMF traded down $0.01 on Wednesday, hitting $0.60. The stock had a trading volume of 104,100 shares, compared to its average volume of 68,666. Global Crossing Airlines Group has a one year low of $0.38 and a one year high of $0.87. The stock has a market cap of $40.78 million, a price-to-earnings ratio of -15.00 and a beta of 0.98. The company’s 50-day moving average is $0.60 and its two-hundred day moving average is $0.64.

Global Crossing Airlines Group (OTCMKTS:JETMF) last announced 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 business had revenue of $62.02 million for the quarter, compared to the consensus estimate of $67.11 million. On average, sell-side analysts anticipate that Global Crossing Airlines Group will post 0.06 earnings per share for the current year.

About Global Crossing Airlines Group

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.