Embraer S.A. (NYSE:ERJ) Sees Large Growth in Short Interest

Embraer S.A. (NYSE:ERJ) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 6,020,000 shares, a growth of 29.7% from the October 31st total of 4,640,000 shares. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is currently 4.2 days. Approximately 3.3% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

ERJ has been the topic of several recent analyst reports. UBS Group lowered shares of Embraer from a “neutral” rating to a “sell” rating and increased their price target for the company from $29.00 to $32.00 in a research note on Tuesday, November 19th. TD Cowen upgraded Embraer from a “hold” rating to a “buy” rating and lifted their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Finally, Bank of America upped their target price on Embraer from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.43.

Institutional Investors Weigh In On Embraer

A number of large investors have recently added to or reduced their stakes in ERJ. Sunbelt Securities Inc. purchased a new position in Embraer in the 2nd quarter valued at about $41,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Embraer during the 2nd quarter worth $44,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Embraer during the second quarter worth $55,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Embraer by 25.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 456 shares during the period. Finally, Asset Dedication LLC acquired a new position in Embraer in the second quarter valued at $71,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Embraer Stock Performance

ERJ traded down $0.08 during trading on Monday, reaching $38.15. The company’s stock had a trading volume of 418,213 shares, compared to its average volume of 1,596,524. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company’s fifty day moving average price is $35.73 and its 200-day moving average price is $32.19. Embraer has a 52-week low of $16.88 and a 52-week high of $40.34. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 14.07 and a beta of 1.70.

About Embraer

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.