Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Short Interest Up 95.5% in June

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

Analysts Set New Price Targets

A number of brokerages have weighed in on JETMF. Litchfield Hills Research began coverage on shares of Global Crossing Airlines Group in a report on Monday, June 22nd. They issued a “buy” rating on the stock. Zacks Research upgraded shares of Global Crossing Airlines Group to a “hold” rating in a report on Thursday, June 25th. 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 has an average rating of “Moderate Buy”.

Global Crossing Airlines Group Price Performance

Global Crossing Airlines Group stock traded down $0.00 during mid-day trading on Thursday, reaching $0.58. The stock had a trading volume of 7,769 shares, compared to its average volume of 71,862. Global Crossing Airlines Group has a one year low of $0.38 and a one year high of $0.87. The company has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.62. The company has a market capitalization of $39.09 million, a price-to-earnings ratio of -58.50 and a beta of 1.00.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued its earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.06. The firm had revenue of $76.57 million during the quarter, compared to analysts’ expectations of $60.53 million. On average, equities research analysts anticipate that Global Crossing Airlines Group will post 0.29 earnings per share for the current fiscal year.

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.