Cargojet Inc. (OTCMKTS:CGJTF) Sees Large Drop in Short Interest

Cargojet Inc. (OTCMKTS:CGJTF) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 319,200 shares, a drop of 6.0% from the October 15th total of 339,700 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is currently 399.0 days.

Cargojet Stock Performance

CGJTF stock opened at $90.54 on Wednesday. The business has a 50 day simple moving average of $97.09 and a 200-day simple moving average of $94.00. Cargojet has a 1 year low of $68.45 and a 1 year high of $103.11.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.