Gol Linhas Aéreas Inteligentes S.A. (NYSE:GOL – Get Rating) was the recipient of a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 3,760,000 shares, a decline of 22.8% from the December 15th total of 4,870,000 shares. Based on an average trading volume of 1,470,000 shares, the short-interest ratio is presently 2.6 days.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Gol Linhas Aéreas Inteligentes in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.
Gol Linhas Aéreas Inteligentes Price Performance
Shares of GOL opened at $2.93 on Friday. Gol Linhas Aéreas Inteligentes has a 1-year low of $2.32 and a 1-year high of $7.94. The stock has a market cap of $613.33 million, a PE ratio of -0.73 and a beta of 1.08. The firm has a fifty day moving average price of $2.96 and a 200 day moving average price of $3.42.
Institutional Investors Weigh In On Gol Linhas Aéreas Inteligentes
A number of institutional investors and hedge funds have recently made changes to their positions in GOL. American Century Companies Inc. purchased a new stake in shares of Gol Linhas Aéreas Inteligentes in the first quarter valued at about $87,000. HighTower Advisors LLC raised its holdings in shares of Gol Linhas Aéreas Inteligentes by 3.1% in the first quarter. HighTower Advisors LLC now owns 85,750 shares of the transportation company’s stock valued at $618,000 after buying an additional 2,550 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Gol Linhas Aéreas Inteligentes by 1.3% in the first quarter. Vanguard Group Inc. now owns 698,744 shares of the transportation company’s stock valued at $5,031,000 after buying an additional 8,670 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Gol Linhas Aéreas Inteligentes in the first quarter valued at about $760,000. Finally, State Street Corp raised its holdings in shares of Gol Linhas Aéreas Inteligentes by 3.8% in the first quarter. State Street Corp now owns 64,556 shares of the transportation company’s stock valued at $465,000 after buying an additional 2,340 shares during the last quarter. 0.81% of the stock is owned by hedge funds and other institutional investors.
About Gol Linhas Aéreas Inteligentes
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.
- Get a free copy of the StockNews.com research report on Gol Linhas Aéreas Inteligentes (GOL)
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