Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Stock Short Interest Drops 83.0%

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research cut Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 25th. Litchfield Hills Research initiated coverage on 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Global Crossing Airlines Group Stock Up 2.9%

OTCMKTS JETMF traded up $0.02 during trading hours on Friday, hitting $0.61. 12,200 shares of the company were exchanged, compared to its average volume of 60,892. The stock has a 50-day moving average price of $0.60 and a 200 day moving average price of $0.62. Global Crossing Airlines Group has a 52 week low of $0.38 and a 52 week high of $0.87. The stock has a market cap of $41.14 million, a PE ratio of -15.13 and a beta of 1.01.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (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. As a group, 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.-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.