Azul (NYSE:AZUL) Shares Shorted: Short Interest Up 185.2% in October

Azul (NYSE:AZUL) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 167,975 shares, a growth of 185.2% from the September 30th total of 58,894 shares. Based on an average daily volume of 136,194 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.1% of the shares of the stock are short sold.

Azul Price Performance

Shares of NYSE:AZUL opened at $3.99 on Friday. The firm has a 50 day moving average price of $6.65. Azul has a 52-week low of $3.35 and a 52-week high of $495.00.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AZUL. Weiss Ratings lowered shares of Azul from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday. BWS Financial reiterated a “buy” rating and issued a $20.00 price target on shares of Azul in a report on Monday, September 21st. Wall Street Zen raised Azul from a “sell” rating to a “hold” rating in a research note on Saturday, October 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Azul in a report on Wednesday, September 9th. They set a “buy” rating and a $11.00 price objective on the stock. Finally, Zacks Research upgraded Azul from a “strong sell” rating to a “hold” rating in a report on Friday, October 16th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.03.

Azul Company Profile

Azul SA, through its principal subsidiary Azul Linhas Aéreas Brasileiras SA, is a Brazilian airline that provides scheduled passenger air transportation and air cargo services. The company serves business and leisure travelers, offering flights across Brazil and to selected international destinations.

Azul operates a broad domestic network connecting major Brazilian cities with regional communities. Its international service includes destinations in South America, the United States and Europe, with routes and schedules subject to change.