Short Interest in Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) Increases By 67.4%

Global Crossing Airlines Group Inc. (OTCMKTS:JETMF) was the recipient of a significant increase in short interest during the month of 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. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 152,194 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

JETMF has been the subject of several research reports. Zacks Research lowered Global Crossing Airlines Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 25th. Litchfield Hills Research assumed coverage on Global Crossing Airlines Group in a research note on Monday, June 22nd. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Global Crossing Airlines Group currently has an average rating of “Hold”.

Global Crossing Airlines Group Trading Down 1.3%

Shares of Global Crossing Airlines Group stock opened at $0.59 on Thursday. Global Crossing Airlines Group has a 12-month low of $0.38 and a 12-month high of $0.87. The company has a market cap of $40.43 million, a price-to-earnings ratio of -14.87 and a beta of 1.01. The company’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.62.

Global Crossing Airlines Group (OTCMKTS:JETMF) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $62.02 million for the quarter, compared to the consensus estimate of $67.11 million. On average, sell-side analysts predict that Global Crossing Airlines Group will post 0.06 earnings per share 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.