Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Shares Shorted: Short Interest Down 89.6% in October

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 2,500 shares, a drop of 89.6% from the October 15th total of 23,944 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 192,439 shares, the short-interest ratio is currently 0.0 days.

Global Crossing Airlines Group Price Performance

JETMF traded down $0.02 on Friday, reaching $0.50. 1,055 shares of the company traded hands, compared to its average volume of 71,666. Global Crossing Airlines Group has a 52-week low of $0.38 and a 52-week high of $0.86. The stock’s 50 day moving average price is $0.59 and its 200-day moving average price is $0.60. The company has a market cap of $34.07 million, a price-to-earnings ratio of -50.12 and a beta of 1.04.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Global Crossing Airlines Group had a negative return on equity of 1.44% and a negative net margin of 0.11%. The business had revenue of $62.02 million during the quarter, compared to the consensus estimate of $67.11 million. As a group, equities research analysts forecast that Global Crossing Airlines Group will post 0.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.