Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL) Sees Significant Increase in Short Interest

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Rating) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totalling 7,030,000 shares, a growth of 21.8% from the April 15th total of 5,770,000 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average trading volume of 2,110,000 shares, the days-to-cover ratio is presently 3.3 days.

Gol Linhas Aéreas Inteligentes stock traded down $0.06 during mid-day trading on Wednesday, reaching $6.09. The stock had a trading volume of 18,917 shares, compared to its average volume of 2,087,728. The company has a 50-day moving average price of $6.33 and a two-hundred day moving average price of $6.30. Gol Linhas Aéreas Inteligentes has a one year low of $4.78 and a one year high of $11.43.

Gol Linhas Aéreas Inteligentes (NYSE:GOL – Get Rating) last issued its earnings results on Thursday, April 28th. The transportation company reported ($0.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.67) by $0.04. The business had revenue of $616.19 million during the quarter, compared to analysts’ expectations of $603.20 million. On average, equities analysts expect that Gol Linhas Aéreas Inteligentes will post -0.4 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in GOL. State Street Corp boosted its stake in Gol Linhas Aéreas Inteligentes by 3.8% in the 1st quarter. State Street Corp now owns 64,556 shares of the transportation company’s stock worth $465,000 after purchasing an additional 2,340 shares during the period. HighTower Advisors LLC boosted its stake in Gol Linhas Aéreas Inteligentes by 3.1% in the 1st quarter. HighTower Advisors LLC now owns 85,750 shares of the transportation company’s stock worth $618,000 after purchasing an additional 2,550 shares during the period. Verde Servicos Internacionais S.A. boosted its position in shares of Gol Linhas Aéreas Inteligentes by 1.2% during the 1st quarter. Verde Servicos Internacionais S.A. now owns 240,800 shares of the transportation company’s stock valued at $1,734,000 after acquiring an additional 2,831 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Gol Linhas Aéreas Inteligentes by 42.4% during the 1st quarter. Royal Bank of Canada now owns 20,410 shares of the transportation company’s stock valued at $147,000 after acquiring an additional 6,076 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Gol Linhas Aéreas Inteligentes by 2,556.8% during the 4th quarter. Cubist Systematic Strategies LLC now owns 6,881 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 6,622 shares during the last quarter. 1.81% of the stock is owned by institutional investors.

Several research analysts recently commented on GOL shares. Seaport Res Ptn raised shares of Gol Linhas Aéreas Inteligentes from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 26th. Barclays lifted their target price on shares of Gol Linhas Aéreas Inteligentes from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 23rd. Finally, StockNews.com raised shares of Gol Linhas Aéreas Inteligentes from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Gol Linhas Aéreas Inteligentes currently has an average rating of “Hold” and an average target price of $12.46.

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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