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

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Litchfield Hills Research initiated coverage on shares of Global Crossing Airlines Group in a report on Monday, June 22nd. They set a “buy” rating for the company. Zacks Research raised shares of Global Crossing Airlines Group to a “hold” rating in a report on Thursday, June 25th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus 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. 7,769 shares of the company traded hands, compared to its average volume of 71,862. Global Crossing Airlines Group has a 52-week low of $0.38 and a 52-week high of $0.87. The firm has a market capitalization of $39.09 million, a price-to-earnings ratio of -58.50 and a beta of 1.00. The firm’s 50 day moving average price is $0.71 and its 200 day moving average price is $0.62.

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 the consensus estimate of ($0.02) by $0.06. The company had revenue of $76.57 million for the quarter, compared to analysts’ expectations of $60.53 million. On average, sell-side analysts anticipate that Global Crossing Airlines Group will post 0.29 EPS for the current year.

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.