Short Interest in Gol Linhas Aereas Inteligentes SA (NYSE:GOL) Rises By 7.9%

Gol Linhas Aereas Inteligentes SA (NYSE:GOL) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,640,000 shares, an increase of 7.9% from the January 15th total of 1,520,000 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 715,000 shares, the short-interest ratio is currently 2.3 days.

Shares of Gol Linhas Aereas Inteligentes stock traded up $0.39 during trading on Friday, reaching $16.75. 788,500 shares of the stock were exchanged, compared to its average volume of 799,910. The stock’s fifty day moving average is $17.37 and its 200 day moving average is $17.26. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 152.29 and a beta of -0.29. Gol Linhas Aereas Inteligentes has a 1 year low of $9.76 and a 1 year high of $23.30.

Institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 12.7% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,405 shares of the transportation company’s stock worth $91,000 after purchasing an additional 610 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 46.1% during the third quarter. Tower Research Capital LLC TRC now owns 5,649 shares of the transportation company’s stock worth $87,000 after purchasing an additional 1,782 shares during the period. Wrapmanager Inc. purchased a new stake in shares of Gol Linhas Aereas Inteligentes during the fourth quarter worth about $181,000. Advisor Group Inc. boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 8.7% during the fourth quarter. Advisor Group Inc. now owns 10,425 shares of the transportation company’s stock worth $188,000 after purchasing an additional 838 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Gol Linhas Aereas Inteligentes by 9.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 10,600 shares of the transportation company’s stock worth $192,000 after purchasing an additional 900 shares during the period. Institutional investors own 3.12% of the company’s stock.

GOL has been the subject of a number of analyst reports. Buckingham Research upgraded shares of Gol Linhas Aereas Inteligentes from a “neutral” rating to a “buy” rating and increased their target price for the stock from $19.00 to $24.00 in a report on Monday, October 28th. Evercore ISI reiterated a “hold” rating and set a $22.00 target price on shares of Gol Linhas Aereas Inteligentes in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $18.76.

About Gol Linhas Aereas Inteligentes

GOL Linhas AĆ©reas Inteligentes SA provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States. The company operates through Flight Transportation and Smiles Loyalty Program segments. It also offers cargo transportation and logistics services.

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