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

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

Global Crossing Airlines Group Stock Performance

Shares of OTCMKTS:JETMF opened at $0.60 on Friday. The company’s fifty day moving average is $0.59 and its 200-day moving average is $0.61. Global Crossing Airlines Group has a 52 week low of $0.38 and a 52 week high of $0.86. The company has a market capitalization of $40.90 million, a PE ratio of -15.04 and a beta of 0.98.

Global Crossing Airlines Group (OTCMKTS:JETMF) last announced its quarterly earnings results 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 company had revenue of $62.02 million for the quarter, compared to analysts’ expectations of $67.11 million. On average, analysts forecast that Global Crossing Airlines Group will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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