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

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 23,944 shares, a growth of 139.7% from the September 30th total of 9,989 shares. Based on an average daily trading volume, of 141,487 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Global Crossing Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Global Crossing Airlines Group Stock Performance

JETMF opened at $0.60 on Friday. Global Crossing Airlines Group has a 1 year low of $0.38 and a 1 year high of $0.86. The company’s 50 day simple moving average is $0.59 and its 200 day simple moving average is $0.61. The stock has a market capitalization of $41.12 million, a PE ratio of -15.12 and a beta of 0.98.

Global Crossing Airlines Group (OTCMKTS:JETMF) last released its 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 company had revenue of $62.02 million for the quarter, compared to analysts’ expectations of $67.11 million. As a group, sell-side analysts expect that Global Crossing Airlines Group will post 0.06 earnings per share for the current fiscal year.

About Global Crossing Airlines Group

Global Crossing Airlines Group Inc, operating as GlobalX, is a U.S. charter and aircraft, crew, maintenance and insurance (ACMI) airline. The company operates Airbus A320-family aircraft and provides capacity to other airlines, tour operators, government agencies and other customers that require passenger or cargo transportation.

GlobalX’s services include charter flights, wet-lease operations and air cargo transportation. Its aircraft and crews serve a range of routes in the United States, the Caribbean, Latin America and other international markets, depending on customer requirements and operating contracts.

The company is headquartered in Miami, Florida, and operates under U.S.