Azul S.A. (NYSE:AZUL) Short Interest Update

Azul S.A. (NYSE:AZUL) was the target of a significant decrease in short interest during the month of August. As of August 15th, there was short interest totalling 8,840,000 shares, a decrease of 5.0% from the July 31st total of 9,310,000 shares. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analyst Weigh In

AZUL has been the topic of a number of analyst reports. Morgan Stanley initiated coverage on shares of Azul in a research note on Friday, May 24th. They issued an “equal weight” rating and a $7.40 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on Azul from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. JPMorgan Chase & Co. lowered Azul from an “overweight” rating to a “neutral” rating in a research report on Wednesday, July 10th. Finally, Barclays lowered their target price on Azul from $10.00 to $4.50 and set an “equal weight” rating for the company in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Azul has an average rating of “Hold” and an average price target of $9.60.

Azul Trading Up 1.0 %

Azul stock opened at $2.57 on Thursday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of -1.05 and a beta of 1.97. The firm’s fifty day moving average price is $4.11 and its two-hundred day moving average price is $5.65. Azul has a 1-year low of $2.25 and a 1-year high of $11.26.

Azul (NYSE:AZUL) last released its quarterly earnings results on Monday, August 12th. The company reported ($1.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.60) by ($0.63). The business had revenue of $800.65 million during the quarter, compared to analyst estimates of $791.43 million. During the same period in the prior year, the business earned ($0.81) EPS. On average, research analysts forecast that Azul will post -1.45 EPS for the current year.

Institutional Trading of Azul

Several institutional investors have recently made changes to their positions in AZUL. SPX Gestao de Recursos Ltda increased its position in shares of Azul by 13,831.7% during the second quarter. SPX Gestao de Recursos Ltda now owns 292,565 shares of the company’s stock valued at $1,170,000 after acquiring an additional 290,465 shares during the last quarter. Long Focus Capital Management LLC increased its position in shares of Azul by 106.3% during the 2nd quarter. Long Focus Capital Management LLC now owns 4,454,000 shares of the company’s stock valued at $17,816,000 after purchasing an additional 2,295,000 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Azul by 2,466.5% during the 2nd quarter. Marshall Wace LLP now owns 598,670 shares of the company’s stock worth $2,395,000 after purchasing an additional 575,344 shares during the period. Inspire Advisors LLC boosted its holdings in shares of Azul by 20.1% in the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after buying an additional 3,764 shares during the last quarter. Finally, Signaturefd LLC grew its position in Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock valued at $43,000 after buying an additional 2,812 shares during the period. Institutional investors own 0.82% of the company’s stock.

Azul Company Profile

Azul SA, together with its subsidiaries, provides air transportation services in Brazil and internationally. As of December 31, 2023, the company operated approximately 1,000 daily departures to 160 destinations through a network of 300 non-stop routes with an operating fleet of 183 aircraft and a passenger contractual fleet of 189 aircraft.