Short Interest in Azul S.A. (NYSE:AZUL) Rises By 11.8%

Azul S.A. (NYSE:AZUL) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,130,000 shares, a growth of 11.8% from the October 31st total of 7,270,000 shares. Based on an average trading volume of 2,670,000 shares, the days-to-cover ratio is presently 3.0 days.

Analysts Set New Price Targets

AZUL has been the topic of a number of research reports. HSBC lowered shares of Azul from a “buy” rating to a “hold” rating and set a $2.70 price target on the stock. in a research note on Thursday, September 5th. Seaport Res Ptn lowered shares of Azul from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Barclays cut their price target on shares of Azul from $10.00 to $4.50 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Azul from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, The Goldman Sachs Group lowered shares of Azul from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $6.70 to $4.00 in a research report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.59.

Azul Price Performance

AZUL traded up $0.04 during trading on Tuesday, reaching $2.32. 1,161,329 shares of the stock were exchanged, compared to its average volume of 1,953,912. Azul has a twelve month low of $2.02 and a twelve month high of $10.62. The stock’s 50 day moving average price is $2.92 and its two-hundred day moving average price is $3.78.

Institutional Investors Weigh In On Azul

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning bought a new stake in Azul during the third quarter worth about $35,000. Signaturefd LLC lifted its position in Azul by 35.9% during the second quarter. Signaturefd LLC now owns 10,649 shares of the company’s stock worth $43,000 after purchasing an additional 2,812 shares during the period. Ground Swell Capital LLC bought a new stake in Azul during the third quarter worth about $44,000. Sanctuary Advisors LLC bought a new stake in Azul during the second quarter worth about $51,000. Finally, Inspire Advisors LLC lifted its position in Azul by 20.1% during the second quarter. Inspire Advisors LLC now owns 22,463 shares of the company’s stock worth $90,000 after purchasing an additional 3,764 shares during the period. Institutional investors own 0.82% of the company’s stock.

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.