Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Sees Significant Increase in Short Interest

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 86,868 shares, a growth of 95.5% from the June 15th total of 44,427 shares. Based on an average daily trading volume, of 199,564 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Global Crossing Airlines Group Stock Performance

OTCMKTS:JETMF opened at $0.57 on Friday. Global Crossing Airlines Group has a fifty-two week low of $0.38 and a fifty-two week high of $0.87. The company has a 50 day moving average price of $0.71 and a 200 day moving average price of $0.62. The stock has a market capitalization of $38.37 million, a P/E ratio of -57.42 and a beta of 1.00.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. The business had revenue of $76.57 million during the quarter, compared to analysts’ expectations of $60.53 million. Research analysts forecast that Global Crossing Airlines Group will post 0.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on JETMF. Zacks Research upgraded Global Crossing Airlines Group to a “hold” rating in a research report on Thursday, June 25th. Litchfield Hills Research began coverage on Global Crossing Airlines Group in a report on Monday, June 22nd. They issued a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Global Crossing Airlines Group Company Profile

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.