Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Sees Large Decline in Short Interest

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

Global Crossing Airlines Group Trading Down 1.6%

Global Crossing Airlines Group stock opened at $0.53 on Wednesday. The stock has a 50-day moving average of $0.59 and a two-hundred day moving average of $0.61. Global Crossing Airlines Group has a one year low of $0.38 and a one year high of $0.86.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $67.11 million. As a group, sell-side analysts forecast that Global Crossing Airlines Group will post 0.06 earnings per share for the current 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 research report on Wednesday, October 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.