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

Azul S.A. (NYSE:AZUL) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 7,090,000 shares, a decline of 12.8% from the November 15th total of 8,130,000 shares. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is presently 3.3 days.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Barclays decreased their price target on Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Seaport Res Ptn cut Azul from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. The Goldman Sachs Group cut Azul from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $6.70 to $4.00 in a report on Monday, September 23rd. HSBC cut Azul from a “buy” rating to a “hold” rating and set a $2.70 price objective for the company. in a report on Thursday, September 5th. Finally, Hsbc Global Res raised Azul to a “hold” rating in a report on Thursday, September 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $6.59.

Hedge Funds Weigh In On Azul

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning purchased a new stake in shares of Azul during the third quarter valued at approximately $35,000. Signaturefd LLC increased its position in shares of Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after acquiring an additional 2,812 shares during the last quarter. Ground Swell Capital LLC purchased a new position in Azul in the third quarter valued at about $44,000. Sanctuary Advisors LLC acquired a new stake in Azul during the 2nd quarter valued at approximately $51,000. Finally, Inspire Advisors LLC boosted its stake in shares of Azul by 20.1% during the 2nd quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock valued at $90,000 after buying an additional 3,764 shares during the last quarter. 0.82% of the stock is currently owned by institutional investors and hedge funds.

Azul Trading Up 2.1 %

Shares of NYSE AZUL traded up $0.04 during trading on Tuesday, reaching $1.99. The company had a trading volume of 791,383 shares, compared to its average volume of 1,934,632. The stock has a market capitalization of $838.93 million, a PE ratio of -0.28 and a beta of 1.92. The stock has a 50-day moving average price of $2.72 and a two-hundred day moving average price of $3.53. Azul has a twelve month low of $1.90 and a twelve month high of $10.37.

About Azul

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.