Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Stock Short Interest Report for October

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

Global Crossing Airlines Group Price Performance

OTCMKTS:JETMF traded down $0.04 on Thursday, reaching $0.49. 21,598 shares of the company’s stock were exchanged, compared to its average volume of 71,874. The firm has a market cap of $33.24 million, a price-to-earnings ratio of -48.90 and a beta of 1.04. The stock has a fifty day simple moving average of $0.59 and a 200-day simple moving average of $0.61. Global Crossing Airlines Group has a 52 week low of $0.38 and a 52 week high of $0.86.

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 analysts’ consensus estimates of $0.01 by ($0.02). Global Crossing Airlines Group had a negative net margin of 0.11% and a negative return on equity of 1.44%. The business had revenue of $62.02 million for the quarter, compared to analysts’ expectations of $67.11 million. As a group, sell-side analysts predict that Global Crossing Airlines Group will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.