Gol Linhas Aereas Inteligentes SA (GOL) Sees Large Growth in Short Interest

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Gol Linhas Aereas Inteligentes SA (NYSE:GOL) was the target of a large increase in short interest in the month of March. As of March 29th, there was short interest totalling 3,002,100 shares, an increase of 90.7% from the March 15th total of 1,574,571 shares. Based on an average trading volume of 1,971,257 shares, the short-interest ratio is presently 1.5 days.

Large investors have recently made changes to their positions in the business. Jane Street Group LLC grew its holdings in Gol Linhas Aereas Inteligentes by 7.2% during the 4th quarter. Jane Street Group LLC now owns 11,594 shares of the transportation company’s stock valued at $150,000 after buying an additional 779 shares during the last quarter. Citadel Advisors LLC grew its holdings in Gol Linhas Aereas Inteligentes by 205.4% during the 3rd quarter. Citadel Advisors LLC now owns 45,919 shares of the transportation company’s stock valued at $251,000 after buying an additional 30,883 shares during the last quarter. Townsquare Capital LLC acquired a new stake in Gol Linhas Aereas Inteligentes during the 4th quarter valued at $292,000. Two Sigma Investments LP acquired a new stake in Gol Linhas Aereas Inteligentes during the 4th quarter valued at $347,000. Finally, Bank of America Corp DE grew its holdings in Gol Linhas Aereas Inteligentes by 7.6% during the 4th quarter. Bank of America Corp DE now owns 25,950 shares of the transportation company’s stock valued at $351,000 after buying an additional 1,828 shares during the last quarter. Hedge funds and other institutional investors own 1.95% of the company’s stock.

Shares of NYSE:GOL opened at $11.71 on Tuesday. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of -83.64 and a beta of -0.16. Gol Linhas Aereas Inteligentes has a one year low of $4.43 and a one year high of $16.60.

Gol Linhas Aereas Inteligentes (NYSE:GOL) last announced its earnings results on Thursday, February 28th. The transportation company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. The company had revenue of $840.84 million for the quarter. Equities research analysts forecast that Gol Linhas Aereas Inteligentes will post 0.68 earnings per share for the current year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research upgraded Gol Linhas Aereas Inteligentes from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Monday. ValuEngine cut Gol Linhas Aereas Inteligentes from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 27th. Finally, UBS Group cut Gol Linhas Aereas Inteligentes from a “neutral” rating to a “sell” rating in a report on Thursday, January 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $11.01.

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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.

See Also: Limitations of the P/E Growth ratio

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