Short Interest Update on Gol Linhas Aereas Inteligentes S.A. (GOL)

Gol Linhas Aereas Inteligentes S.A. (GOL) : The traders have covered their outstanding shorts in Gol Linhas Aereas Inteligentes S.A. (GOL) to the tune of -110,508 shares, a change of -26.2%. As on Jul 29, 2016, the outstanding shorts on the stock were 421,983 shares, however, by August 15, 2016, the shorts had reduced to 311,475 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 1.8% of the free float of the stock. It takes 1 days to cover the outstanding short positions. The stock has an average daily volume of 229,700 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Gol Linhas Aereas Inteligentes S.A. (NYSE:GOL): The stock opened at $19.59 on Wednesday but the bulls could not build on the opening and the stock topped out at $19.93 for the day. The stock traded down to $19.09 during the day, due to lack of any buying support eventually closed down at $19.12 with a loss of -5.02% for the day. The stock had closed at $20.13 on the previous day. The total traded volume was 178,030 shares.


Gol Linhas Aereas Inteligentes SA (Gol) is a Brazil-based holding company primarily engaged in the passenger air transportation sector. Through its subsidiaries, such as VRG Linhas Aereas SA, GAC Inc and Gol Finance, the Company is involved in the provision of scheduled and non-scheduled passenger air transportation services, as well as cargo and mail bags freight air transportation. The Company offers national and international concessions. Additionally, it is involved in the provision of passenger air chartering services. Apart from Brazil, the Company carries out its activities in Cayman Islands. As of September 30, 2012, the Companys operational fleet totaled 147 aircrafts and its non-operating fleet consisted of three planes.

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