Short Interest in Cargojet Inc. (OTCMKTS:CGJTF) Drops By 21.3%

Cargojet Inc. (OTCMKTS:CGJTF) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 323,700 shares, a decrease of 21.3% from the February 28th total of 411,300 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is presently 59.9 days.

Cargojet Price Performance

Cargojet stock traded down $2.95 during trading hours on Wednesday, reaching $57.49. The stock had a trading volume of 6,877 shares, compared to its average volume of 6,395. The company has a fifty day simple moving average of $70.96 and a 200-day simple moving average of $82.53. Cargojet has a 52 week low of $56.81 and a 52 week high of $103.11.

Cargojet Company Profile

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.