Short Interest in Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Increases By 67.4%
by Kim Johansen · The Markets DailyGlobal Crossing Airlines Group Inc. (OTCMKTS:JETMF – Get Free Report) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 138,743 shares, an increase of 67.4% from the August 15th total of 82,899 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 152,194 shares, the days-to-cover ratio is currently 0.9 days.
Analyst Upgrades and Downgrades
JETMF has been the subject of several research reports. Zacks Research lowered Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 25th. Litchfield Hills Research assumed coverage on Global Crossing Airlines Group in a research note on Monday, June 22nd. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Global Crossing Airlines Group currently has an average rating of “Hold”.
View Our Latest Report on JETMF
Global Crossing Airlines Group Trading Down 1.3%
Shares of Global Crossing Airlines Group stock opened at $0.59 on Thursday. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.87. The company has a market cap of $40.43 million, a price-to-earnings ratio of -14.87 and a beta of 1.01. The company’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.62.
Global Crossing Airlines Group (OTCMKTS:JETMF – Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $67.11 million. On average, sell-side analysts predict 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 (OTCMKTS: JETMF) is an aviation holding company whose principal subsidiary, GlobalX Airlines, provides passenger charter, scheduled and ACMI (aircraft, crew, maintenance and insurance) services. The company operates a fleet of narrow-body aircraft, primarily Airbus A320‐family jets, configured to support leisure and charter markets, air-bridge operations and ad hoc charters.
The company’s main business activities include on-demand charter flights for tour operators, cruise lines and corporate clients, as well as scheduled service linking key U.S.