Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Stock Short Interest Report for October

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the recipient of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 23,944 shares, an increase of 139.7% from the September 30th total of 9,989 shares. Based on an average trading volume of 141,487 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Global Crossing Airlines Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Global Crossing Airlines Group presently has an average rating of “Moderate Buy”.

Global Crossing Airlines Group Stock Performance

JETMF stock traded up $0.00 during mid-day trading on Friday, reaching $0.60. 21,800 shares of the stock traded hands, compared to its average volume of 108,398. Global Crossing Airlines Group has a one year low of $0.38 and a one year high of $0.86. The stock has a market capitalization of $41.12 million, a PE ratio of -15.12 and a beta of 0.98. The business has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.61.

Global Crossing Airlines Group (OTCMKTS:JETMF) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $62.02 million during the quarter, compared to the consensus estimate of $67.11 million. On average, equities analysts expect that Global Crossing Airlines Group will post 0.06 earnings per share for the current fiscal year.

Global Crossing Airlines Group Company Profile

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.

The company is headquartered in Miami, Florida, and operates under U.S.