Short Interest in Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Declines By 30.3%

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 5,990,000 shares, a decrease of 30.3% from the March 15th total of 8,600,000 shares. Currently, 4.6% of the company’s stock are sold short. Based on an average trading volume of 2,110,000 shares, the days-to-cover ratio is currently 2.8 days.

Shares of GOL stock traded down $0.24 on Friday, reaching $6.99. 1,280,064 shares of the stock were exchanged, compared to its average volume of 1,861,234. The business’s 50 day moving average price is $6.68 and its 200 day moving average price is $6.45. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -1.01 and a beta of 0.85. Gol Linhas Aéreas Inteligentes has a twelve month low of $4.78 and a twelve month high of $11.43.

GOL has been the topic of a number of recent research reports. Seaport Res Ptn lowered Gol Linhas Aéreas Inteligentes from a “buy” rating to a “neutral” rating in a research report on Monday, March 7th. Barclays upped their price objective on Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 23rd. Finally, StockNews.com raised Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.46.

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Gol Linhas Aéreas Inteligentes by 0.8% during the fourth quarter. BlackRock Inc. now owns 1,040,065 shares of the transportation company’s stock worth $6,292,000 after purchasing an additional 8,120 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Gol Linhas Aéreas Inteligentes by 2,556.8% during the fourth quarter. Cubist Systematic Strategies LLC now owns 6,881 shares of the transportation company’s stock worth $42,000 after purchasing an additional 6,622 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Gol Linhas Aéreas Inteligentes during the fourth quarter worth $248,000. TENOR CAPITAL MANAGEMENT Co. L.P. grew its stake in shares of Gol Linhas Aéreas Inteligentes by 17.3% during the fourth quarter. TENOR CAPITAL MANAGEMENT Co. L.P. now owns 357,605 shares of the transportation company’s stock worth $2,164,000 after purchasing an additional 52,655 shares in the last quarter. Finally, Credit Suisse AG boosted its stake in Gol Linhas Aéreas Inteligentes by 17.4% in the fourth quarter. Credit Suisse AG now owns 123,070 shares of the transportation company’s stock valued at $744,000 after acquiring an additional 18,254 shares in the last quarter. Hedge funds and other institutional investors own 2.27% of the company’s stock.

Gol Linhas Aéreas Inteligentes Company Profile (Get Rating)

GOL Linhas Aéreas Inteligentes SA provides scheduled and non-scheduled air transportation services for passengers and cargo; and maintenance services for aircrafts and components in Brazil, rest of South America, the Caribbean, and the United States. The company offers Smiles frequent-flyer programs to approximately 19 million members, allowing clients to accumulate and redeem miles.

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