Short Interest in Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Decreases By 89.5%

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 36,480 shares, a drop of 89.5% from the April 15th total of 347,253 shares. Based on an average daily trading volume, of 129,130 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Global Crossing Airlines Group Price Performance

Shares of JETMF stock traded down $0.00 during mid-day trading on Wednesday, hitting $0.78. The company had a trading volume of 259,425 shares, compared to its average volume of 77,665. The stock’s 50 day moving average price is $0.56 and its 200-day moving average price is $0.60. Global Crossing Airlines Group has a 52-week low of $0.38 and a 52-week high of $0.87. The company has a market capitalization of $51.60 million, a P/E ratio of -77.77 and a beta of 0.94.

Global Crossing Airlines Group (OTCMKTS:JETMF) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The company had revenue of $76.57 million during the quarter, compared to the consensus estimate of $60.53 million.

About Global Crossing Airlines Group

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.