Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Shares Shorted: Short Interest Up 139.7% in October

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a significant growth in short interest during 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. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 141,487 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

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

Global Crossing Airlines Group Trading Up 5.1%

JETMF opened at $0.60 on Friday. The stock has a market cap of $40.90 million, a PE ratio of -15.04 and a beta of 0.98. Global Crossing Airlines Group has a 1 year low of $0.38 and a 1 year high of $0.86. The stock’s 50 day simple moving average is $0.59 and its 200-day simple moving average is $0.61.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued 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 during the quarter, compared to analysts’ expectations of $67.11 million. Equities analysts forecast 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.