Cargojet Inc. (OTCMKTS:CGJTF) Short Interest Up 9.2% in August

Cargojet Inc. (OTCMKTS:CGJTFGet Rating) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 611,000 shares, a growth of 9.2% from the August 15th total of 559,600 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 6,110.0 days.

Cargojet Price Performance

Shares of OTCMKTS CGJTF opened at $103.68 on Monday. Cargojet has a 52-week low of $94.05 and a 52-week high of $180.00. The business has a fifty day moving average of $109.45 and a two-hundred day moving average of $116.92.

Analysts Set New Price Targets

CGJTF has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on Cargojet from C$302.00 to C$287.00 in a research report on Thursday, July 28th. Canaccord Genuity Group upped their price target on Cargojet from C$200.00 to C$210.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Scotiabank raised their price objective on shares of Cargojet from C$190.00 to C$200.00 in a research note on Thursday, July 28th. BMO Capital Markets cut shares of Cargojet from an “outperform” rating to a “market perform” rating and set a $165.00 target price for the company. in a research note on Thursday, June 16th. Finally, National Bank Financial decreased their price objective on Cargojet from C$185.00 to C$158.00 in a report on Friday, July 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $203.57.

Cargojet Company Profile

(Get Rating)

Cargojet Inc provides time sensitive overnight air cargo services in Canada. Its air cargo business activities include operation of domestic air cargo network services between fourteen cities in North America; and provision of dedicated aircraft to customers on an aircraft, crew, maintenance, and insurance (ACMI) basis operating between points in Canada, North and South America, and Europe.

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