Azul (NYSE:AZUL) Sees Large Increase in Short Interest

Azul (NYSE:AZUL) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 118,193 shares, an increase of 411.8% from the July 15th total of 23,093 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 98,865 shares, the days-to-cover ratio is presently 1.2 days.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Weiss Ratings began coverage on shares of Azul in a research report on Friday, July 10th. They issued a “sell (d)” rating on the stock. Zacks Research raised shares of Azul to a “strong sell” rating in a research note on Wednesday, July 22nd. Finally, BWS Financial restated a “buy” rating and issued a $20.00 price objective on shares of Azul in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Azul presently has an average rating of “Reduce” and a consensus target price of $20.00.

Azul Trading Up 0.1%

NYSE:AZUL traded up $0.01 during trading hours on Wednesday, reaching $8.36. 1,457 shares of the company traded hands, compared to its average volume of 113,874. Azul has a 1 year low of $3.90 and a 1 year high of $495.00.

About Azul

Azul SA is a Brazilian airline that provides passenger and cargo air transportation services. The company operates a broad domestic network within Brazil and also serves select international destinations in South America, North America, and Europe. Its business includes scheduled flights, charter services, and cargo operations, supported by a fleet designed to connect major urban centers as well as smaller regional markets.

Founded in 2008, Azul grew rapidly by focusing on underserved routes in Brazil and offering a wide range of travel options for leisure and business customers.