Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Short Interest Update

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 138,743 shares, an increase of 67.4% from the August 15th total of 82,899 shares. Based on an average daily volume of 152,194 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are sold short.

Analysts Set New Price Targets

A number of research firms have issued reports on JETMF. Zacks Research downgraded Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 25th. Litchfield Hills Research began coverage on Global Crossing Airlines Group in a research report on Monday, June 22nd. They set a “buy” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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Global Crossing Airlines Group Stock Performance

OTCMKTS:JETMF opened at $0.59 on Thursday. Global Crossing Airlines Group has a 52 week low of $0.38 and a 52 week high of $0.87. The firm has a 50-day moving average price of $0.59 and a two-hundred day moving average price of $0.62. The firm has a market cap of $40.43 million, a price-to-earnings ratio of -14.87 and a beta of 1.01.

Global Crossing Airlines Group (OTCMKTS:JETMF – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The firm had revenue of $62.02 million during the quarter, compared to analysts’ expectations of $67.11 million. As a group, sell-side analysts forecast that Global Crossing Airlines Group will post 0.06 earnings per share for the current year.

About Global Crossing Airlines Group

(Get Free Report)

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.

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