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

Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOLGet Rating) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 5,710,000 shares, a growth of 18.5% from the October 15th total of 4,820,000 shares. Based on an average daily trading volume, of 1,830,000 shares, the short-interest ratio is currently 3.1 days.

Gol Linhas Aéreas Inteligentes Stock Up 6.6 %

NYSE:GOL opened at $3.22 on Monday. The stock’s fifty day simple moving average is $3.67 and its 200-day simple moving average is $4.13. The firm has a market capitalization of $637.91 million, a P/E ratio of -0.81 and a beta of 1.07. Gol Linhas Aéreas Inteligentes has a 12-month low of $2.74 and a 12-month high of $7.94.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stelac Advisory Services LLC lifted its holdings in shares of Gol Linhas Aéreas Inteligentes by 61.5% in the first quarter. Stelac Advisory Services LLC now owns 41,920 shares of the transportation company’s stock valued at $302,000 after purchasing an additional 15,960 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Gol Linhas Aéreas Inteligentes in the second quarter valued at about $78,000. U S Global Investors Inc. increased its position in shares of Gol Linhas Aéreas Inteligentes by 2.0% in the first quarter. U S Global Investors Inc. now owns 2,661,809 shares of the transportation company’s stock valued at $19,165,000 after acquiring an additional 51,334 shares during the last quarter. Empyrean Capital Partners LP acquired a new stake in shares of Gol Linhas Aéreas Inteligentes in the first quarter valued at about $730,000. Finally, SG Americas Securities LLC increased its position in shares of Gol Linhas Aéreas Inteligentes by 15.1% in the first quarter. SG Americas Securities LLC now owns 569,979 shares of the transportation company’s stock valued at $4,104,000 after acquiring an additional 74,734 shares during the last quarter. 1.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GOL. StockNews.com assumed coverage on Gol Linhas Aéreas Inteligentes in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group raised their price target on Gol Linhas Aéreas Inteligentes from $4.95 to $5.75 and gave the stock a “buy” rating in a research report on Monday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Gol Linhas Aéreas Inteligentes from $10.00 to $6.00 in a research report on Tuesday, July 19th.

About Gol Linhas Aéreas Inteligentes

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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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