Cargojet Inc. (OTCMKTS:CGJTF) Short Interest Down 16.8% in February

Cargojet Inc. (OTCMKTS:CGJTF) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 411,300 shares, a drop of 16.8% from the February 13th total of 494,500 shares. Based on an average daily trading volume, of 10,700 shares, the days-to-cover ratio is currently 38.4 days.

Cargojet Trading Down 2.1 %

Shares of CGJTF traded down $1.30 during mid-day trading on Wednesday, reaching $59.87. 1,672 shares of the company’s stock were exchanged, compared to its average volume of 6,086. Cargojet has a 52-week low of $58.00 and a 52-week high of $103.11. The company has a 50-day simple moving average of $75.00 and a two-hundred day simple moving average of $84.87.

About Cargojet

Cargojet Inc provides time sensitive overnight air cargo services and carriers in Canada. It operates domestic air cargo network services between 16 Canadian cities; and provides dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance basis operating between points in Canada, North and South America, and Europe.